Biconomy Price Prediction for Today, December 22 – BICO Technical Analysis

The Biconomy price prediction reveals that BICO records a gain of 6.67%, as the coin approaches the $0.45 level.

Biconomy Prediction Statistics Data:

• Biconomy price now – $0.41
• Biconomy market cap – $255.2 million
• Biconomy circulating supply – 604.4 million
• Biconomy total supply – 1 billion
• Biconomy Coinmarketcap ranking – #181

BICO/USD Market

Key Levels:

Resistance levels: $0.50, $0.52, $0.54

Support levels: $0.32, $0.30, $0.28

BICO/USD is trading above the 9-day and 21-day moving averages with a gain of 6.67%. According to the daily chart, the previous candle formations have been respecting upward movement but crossing below the 9-day and 21-day moving averages may position the market price in a decline. Meanwhile, the closest support level is located at the $0.36 level while a north wave might see a high movement above the upper boundary of the channel.

Biconomy Price Prediction: BICO May Head to the North

According to the daily chart, the Biconomy price is heading toward the upside, an increase above the channel could trigger intense buying to the resistance levels of $0.50, $0.52, and $0.54. On the contrary, the Biconomy price may need to hold the support level at $0.39 which is the current daily low. But, if the Biconomy price drops below this support level, it may likely hit another support at $0.35.

Meanwhile, if the selling volume steps into the market, it could dip to the supports at $0.32, $0.30, and $0.28. Moreover, the 9-day moving average may continue to hover above the 21-day moving average, which reveals that the market could face the north.

BICO/BTC Touches 838 SAT

Against Bitcoin, the buyers are returning to the market as the Biconomy price trades above the 9-day and 21-day moving averages. From the upside, the potential resistance level could be located at 950 SAT and above as the 9-day MA crosses above the 21-day MA.

Therefore, looking at the downside; the nearest support level is 650 SAT, if the price drops further to create a new low, lower support could be found at 600 SAT and below. In addition, the bulls may need to increase the pressure so that the coin may create additional gains.

Alternatives to Biconomy

The current price of Biconomy hovers around the $0.41 level, indicating a promising upward trend as the coin seeks to surpass the upper boundary of the channel. However, the current market trends indicate that the Biconomy price could stay above the moving averages, maintaining its bullish momentum. Meanwhile, with optimistic expectations, a continued upward movement seems feasible should bullish pressures escalate, pushing the coin further upwards.

On that note, while the firmly established Biconomy coin commands a market cap of $255.2 million, the Bitcoin Minetrix token is making waves by securing over $5.8 million in its current presale phase. Meanwhile, Biconomy (BICO) stands strong with its established presence while the Bitcoin Minetrix showcases significant promise, positioning itself as a noteworthy contender with the potential to eclipse established cryptocurrencies such as Biconomy.

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