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The Biconomy price prediction shows that BICO heads to the upside as the coin moves to cross above the upper boundary.
Biconomy Prediction Statistics Data:
- Biconomy price now – $0.240
- Biconomy market cap – $154.4 billion
- Biconomy circulating supply – 666.9 million
- Biconomy total supply – 1 billion
- Biconomy Coinmarketcap ranking – #164
BICO/USD Market
Key Levels:
Resistance levels: $0.280, $0.300, $0.320
Support levels: $0.200, $0.180, $0.160
BICO/USD may continue to create additional gains as the bulls step into the market heavily. The Biconomy price touched a new high level of $0.246 during the European session today. Meanwhile, if there is short-term selling pressure, Biconomy could tackle it and make a comeback at the level mentioned above.
Biconomy Price Prediction: Biconomy (BICO) Prepares for More Uptrends
According to the daily chart, the Biconomy price experiences a slight drop below the daily high of $0.246 and any increasing selling pressure could bring the price to touch a new low at $0.300. However, if the buyers manage to keep the bullish momentum, any bullish movement could push the Biconomy price to cross above the channel which could hit the resistance levels of $0.280, $0.300, and $0.320 respectively.
Therefore, if the bulls fail to push the coin to the upside, it may experience a downswing below the 9-day and 21-day moving average. Meanwhile, it is likely for the Biconomy price to locate the supports at $0.200, $0.180, and $0.160 if the price slides toward the lower boundary of the channel.
BICO/BTC Prepares for Upside
Against Bitcoin, the Biconomy price heads to the north as the coin touches the daily high of the 712 SAT. However, the Biconomy price may cross above the 21-day moving average if the bulls put in more effort. Therefore, the 9-day MA may need to cross above the 21-day MA to give more bullish signals into the market.
On that note, any bullish movement toward the upper boundary of the channel could push the coin to hit the resistance level of 840 SAT and above but should in case the bulls fail to push the coin upward, sellers can bring it below the lower boundary of the channel which could hit the support level of 560 SAT and below.
Alternatives to Biconomy
The Biconomy price is moving strongly above the 9-day and 21-day moving averages. At the moment, BICO/USD keeps soaring high and any cross above the upper boundary of the channel may create additional gains for the coin. However, the coin may head to the upside if the bulls increase the pressure.
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