As of now, the Biconomy price forecast begins a progressive movement as the price moves to cross over the moving averages.
Biconomy Prediction Statistics Data: Biconomy price now – $0.29
Biconomy market capitalization – $159.6 million
Biconomy circulating supply – 547 million
Biconomy total supply – 1 billion
Biconomy Coinmarketcap ranking – #161 BICO/USD Market
Resistance levels: $0.40, $0.45, $0.50
Support levels: $0.20, $0.15, $0.10
BICO/USD is moving to cross over the 9-day and 21-day moving averages as the coin moves bullishly. Nonetheless, the $0.25 level of support is the critical support where the price touched today. In the meantime, the Biconomy price has earlier trades around this level before making an upward movement and this makes the level of support a strong support zone.
Biconomy Price Prediction: Can Biconomy Move to the Upside?
The Biconomy price is very likely gain more if the bulls could defend the resistance level of $0.29 level; the coin may continue its upward movement by breaking over the 21-day moving average after crossing over the 9-day moving average. This is why, any further positive tendency movement may take the coin to the capacity resistance levels of $0.40, $0.45, and $0.50.
Nonetheless, as revealed by the daily chart, the present prediction could be invalidated should the bears attract the coin below the $0.25 level, and the Biconomy price may fall to the low of $0.20, $0.15, and $0.10 support levels. Furthermore, the technical indicator Relative Strength Index (14) is moving to cross over the 40-level; suggesting more positive tendency movements.
Against Bitcoin, the price is as of now trading near the 9-day and 21-day moving averages to cross over the upper boundary of the channel. Nonetheless, the red line of the 9-day moving average may likely cause a positive tendency cross over the green line of the 21-day moving average which could allow the coin to touch the nearest resistance of 1200 SAT.
BICOBTC – Daily Chart
This is why, if the buyers might propel the price over the mentioned resistance, higher resistance may be located at 1400 and over. Furthermore, should the bulls fail to move the coin upward, the nearest level of support may be located at 800 SAT and below. Furthermore, the technical indicator Relative Strength Index (14) crosses over the 40-level, which signifies that buyers may begin to dominate the market.
At the time of publication, the technical indicator Relative Strength Index (14) signal line is very likely cross over the 40-level, which signifies that the Biconomy price may continue to trade bullishly. In the meantime, the 9-day MA may must cross over the 21-day MA for the buyers to concentrate on stirring action to the north. Moreover, the platform uses sophisticated Artificial Intelligence (AI) algorithms to generate quality memes which are trained on Meme Coin datasets and cryptocurrency news. The Artificial Intelligence (AI) processes the input from the user and then establish relevant and engaging memes.
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