The Biconomy price prediction adds a tremendous 3.20% gain, and at the time of writing, it is trading around the $0.317 resistance level.
Biconomy Prediction Statistics Data:
- Biconomy price now – $0.317
- Biconomy market cap – $78.6 million
- Biconomy circulating supply – 247.5 million
- Biconomy total supply – 1 billion
- Biconomy Coinmarketcap ranking – #199
Resistance levels: $0.450, $0.500, $0.550
Support levels: $0.200, $0.150, $0.100
BICO/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $0.320 level. The coin is already keeping three straight days of bullish movements. Meanwhile, Biconomy (BICO) is one of the most emerging coins in the market at the moment, and it is likely to touch $0.400 in the coming days as its next resistance. Therefore, the long-term outlook may continue to be bullish as much as the buyers increase the pressure.
Biconomy Price Prediction: Would Biconomy Go Up or Down?
As the daily chart reveals, the Biconomy price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks above the upper boundary of the channel and closes above it, BICO/USD may likely continue its uptrend and could reach the resistance levels of $0.450, $0.500, and $0.550.
In other words, if the technical indicator failed to stay above the 50-level, there is a tendency for the bears to return to the market, and this may likely cause the market price to hit the nearest support levels at $0.200, $0.150, and $100 respectively. Technically, the Relative Strength Index (14) is likely to cross above the 60-level, suggesting additional bullish signals.
Against Bitcoin, the Biconomy price has been moving sideways as the coin rises above the 9-day and 21-day moving averages. The recent rise could allow the cryptocurrency to cross above the upper boundary of the channel, which is a promising sign for buyers.
From below, if the bears can break below the moving averages, the critical support could be located at 1500 SAT and below. However, the nearest resistance level now lies above the channel. Therefore, further resistance is at 2300 SAT and above, meanwhile, the Relative Strength Index (14) is moving to cross above the 60-level which is a promising sign for the bulls as the momentum is on their side.
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