BICO/USD Grows 5.88% as Price Nears $0.34 Level

The Biconomy price prediction gains 5.88% in the last 24 hours to touch the daily high at $0.33 as it may find the next resistance at $0.35.

Biconomy Prediction Statistics Data:

• Biconomy price now – $0.31
• Biconomy market cap – $77.4 million
• Biconomy circulating supply – 247.5 million
• Biconomy total supply – 1 billion
• Biconomy Coinmarketcap ranking – #252

BICO/USD Market

Key Levels:

Resistance levels: $0.45, $0.50, $0.55

Support levels: $0.20, $0.15, $0.10

BICO/USD has been exhibiting strength over the last 24 hours but managed to regain above the 9-day and 21-day moving averages amid technical correction from the downward trend. Now, the Biconomy price is recovering toward the resistance level of $0.34. Moreover, if the red line of the 9-day MA remains above the green line of the 21-day MA, the Biconomy price may continue the bullish movement.

Biconomy Price Prediction: Biconomy (BICO) Finally Making A Bounce?

Looking at the daily chart, the Biconomy price keeps moving to the north. Though the current price of Biconomy at $0.31 is above the 9-day and 21-day moving averages within the channel, the recovery seems to have begun as the technical indicator Relative Strength Index (14) faces the north. The Biconomy (BICO) needs to continue its up-trending growth in the coming days to recover properly. As per the current trend, the next resistance level is likely to come at $0.45, $0.50, and $0.55.

On the downside, a sustainable move below the moving averages could open the bearish way to a $0.30 support level and this barrier may likely slow down the bears and then serve as a jumping-off ground for the recovery. Meanwhile, the next support levels could be located at $0.20, $0.15, and $0.10 respectively.

Against Bitcoin, the Biconomy price continues to trend bullishly as the resistance further outweighs the support. However, there is a need for an increasing volume and resistance to cause an upsurge in the market which could make the coin cross above the upper boundary of the channel and move towards the resistance level of 2300 SAT and above.

However, there’s no sign of a bearish movement in the market at the time of writing, therefore, if a bearish move occurs and brings the coin below the 9-day and 21-day moving averages, BICO/BTC may hit the nearest support at 1500 SAT and below but the technical indicator Relative Strength Index (14) is seen moving to cross above the 60-level to increase the bullish movement.

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