Biconomy Price Prediction for Today, September 2 – BICO Technical Analysis ByAzeez MustaphaPRO INVESTOR Updated: 02 September 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage The Biconomy price prediction shows that BICO couldn’t break above the $0.21 level as the coin could settle in consolidation around the $0.20 level. Biconomy Prediction Statistics Data: Biconomy price now – $0.20 Biconomy market cap – $134.7 million Biconomy circulating supply – 657.6 million Biconomy total supply – 1 billion Biconomy Coinmarketcap ranking – #162 BICO/USD Market Key Levels: Resistance levels: $0.26, $0.28, $0.30 Support levels: $0.16, $0.14, $0.12 BICOUSD – Daily Chart According to the daily chart, BICO/USD is pushing for consolidation around $0.20 but the trend has a bearish inclination, which may likely test the support at $0.19 as it moves below the 9-day and 21-day moving averages. The technical indicator remained bearish as the Relative Strength Index (14) is likely to cross below 40-level. Biconomy Price Prediction: Can BICO Price Go Lower? At the moment, the Biconomy price is likely to test the nearest support at $0.19 but the best the bulls can do is to defend the support at this level and focus on pulling toward $0.21. In the past few weeks, the Biconomy lost balance alongside other cryptos, and the sharp drop affected the buyers from an attempted recovery above the 9-day and 21-day moving averages. As it is now, any further bearish movement toward the lower boundary of the channel could hit the supports at $0.16, $0.14, and $0.12 respectively. Moreover, the coin is already on the negative side and therefore a slight bullish action is expected to correct the declines with a possible jump above $0.21. Meanwhile, if there is an increase in buying pressure, the price may break above the 9-day and 21-day moving averages to reach the $0.24 resistance. While trading at that level, the bullish continuation could push the coin to the resistance levels of $0.26, $0.28, and $0.30. BICO/BTC Prepares for the Upside Against Bitcoin, the Biconomy bulls are now showing commitment to the trading as the market price follows the recent positive signs over the past few days, therefore, the trend may continue to follow the uptrend if the buyers push the price above the 9-day and 21-day moving averages. BICOBTC – Daily Chart However, as the signal line of the Relative Strength Index (14) moves to cross above the 50-level, this could take the Biconomy price to the resistance level of 950 SAT and above. On the contrary, if the sellers step back into the market, it may cause the coin to touch the support level of 650 SAT and below. Biconomy Alternatives The Biconomy price is still hovering below the 9-day and 21-day moving averages but any further bearish movement toward the lower boundary of the channel could bring the coin to the downside. From above, a sustained move above the moving averages may create momentum for the bulls with a focus on moving the market to higher levels. Nevertheless, the Wall Street Memes community stands robust and lively, making the wisest choice to acquire the token at this moment, not in the future. Simultaneously, the token has already gained more than $25 million in the presale as the countdown to its official launch commences. New OKX Listing - Wall Street Memes Rating Established Community of Stocks & Crypto Traders Featured on Cointelegraph, CoinMarketCap, Yahoo Finance Rated Best Crypto to Buy Now In Meme Coin Sector Team Behind OpenSea NFT Collection - Wall St Bulls Tweets Replied to by Elon Musk Visit OKX Join Our Telegram channel to stay up to date on breaking news coverage