BICO/USD Rockets Higher as Price Hits $0.55 High

The Biconomy price prediction reveals that BICO records a gain of 2.05% as the coin approaches higher levels.

Biconomy Prediction Statistic Data:

• Biconomy price now: $0.46
• Biconomy market cap: $221.5 million
• Biconomy circulating supply:$480.9 million
• Biconomy total supply: $1 billion
• Biconomy Coinmarketcap ranking: #157

BICO/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.35, $0.30, $0.25

BICO/USD is seen trading in the green at the time of writing as the coin spikes above the upper boundary of the channel with a gain of 2.05%. According to the daily chart, the candle formations keep following the upward movement.

Biconomy Price Prediction: BICO/USD Could Gain More Uptrends

According to the daily chart reveals, the Biconomy price turned the corner with the stock markets earlier this week. After convincingly breaching the $0.50 level a few hours ago, there has been no return for the cryptocurrency. It has since gone up among all other coins in the market. Meanwhile, an increase above the upper boundary of the channel could trigger intense buying to the resistance levels of $0.60, $0.65, and $0.70.

Furthermore, the technical indicator Relative Strength Index (14) moves toward the overbought region, pointing to the north. On the contrary, the Biconomy price may hold a support level at $0.45, and if it drops below this support level, it could hit another support at $0.40. Meanwhile, the next support after this is located below the lower boundary of the channel where it may dip to the supports at $0.35, $0.30, and $0.25 if the selling volume keeps increasing.

Against Bitcoin, sellers are attempting to step back into the market while the coin remains above the 9-day and 21-day moving averages. Meanwhile, from the upside, the nearest level of resistance lies at 2400 SAT and above as the technical indicator Relative Strength Index (14) stays above the 60-level.

Therefore, looking at the downside; the nearest support level is located at 1700 SAT if the price drops further to create a new low, lower support could be found at 1500 SAT and below. Meanwhile, the 9-day MA is below the 21-day MA, which shows that the market may follow the bearish movement.

Biconomy Alternatives

The Biconomy is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $0.55 level. The coin is already keeping three straight days of bullish movements. Meanwhile, there is another coin in the market with great potential – FGHT is a new cryptocurrency that offers all the tools and advice that users need to foster a healthier lifestyle. However, the presale is ongoing and time is running out as the presale has raised almost $4.5 million.

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