The Biconomy price prediction shows that BICO is moving to the upside as any cross above the $0.35 price mark is expected.

Biconomy Prediction Statistics Data:

• Biconomy price now – $0.33
• Biconomy market cap – $250.8 million
• Biconomy circulating supply – 710.7 million
• Biconomy total supply – 1 billion
• Biconomy CoinMarketCap ranking – #172

BICO/USD Market

Key Levels:

Resistance levels: $0.40, $0.42, $0.44

Support levels: $0.28, $0.26, $0.24

BICO/USD is trading at $0.33 after recording an intraday high of $0.35 during the European session today. Looking at the daily chart, BICO/USD is hovering above the 9-day and 21-day moving averages after the beginning of today’s trade at $0.33.

Biconomy Price Prediction: BICO Price Heads to the Upside

Since the beginning of this month, the Biconomy price has been moving bullishly, heading toward the upside. In the meantime, the Biconomy price may cross above the upper boundary of the channel to touch the nearest resistance at $0.36.

However, the Biconomy price may continue to do well and cross above the channel if the bulls increase the buying pressure as the resistance levels could be located at $0.40, $0.42, and $0.44 respectively. Meanwhile, should the technical indicators decide to make a quick turn to the south, there may be a bearish slide toward the lower boundary of the channel which could roll the market down to the support levels of $0.28, $0.26, and $0.24 but the 9-day MA is hovering above the 21-day MA, heading to the north.

BICO/BTC Could Begin the Upward Movement

Against Bitcoin, the Biconomy price may focus on the upward movement within the channel. Meanwhile, BICO/BTC is currently trading at 799 SAT as the coin heads to the resistance level of 850 SAT, the next key resistance may likely be at 950 SAT and above.

On the downside, a possible bearish movement below the 9-day and 21-day moving averages may likely come into play, and the support level of 600 SAT and below could be visited. Meanwhile, the market is having a bullish day today because the 9-day moving average is crossing above the 21-day moving average, suggesting more bullish signals.

Biconomy Alternatives

As per the daily chart analysis, the Biconomy current price is situated around the $0.33 level, indicating a potential upward movement as the coin aims to breach the upper boundary of the channel. However, the ongoing trend suggests that the Biconomy price is likely to stay above both the 9-day and 21-day moving averages, sustaining the bullish momentum. Anticipating a positive scenario, a further upward trajectory is plausible if bullish forces intensify, exerting upward pressure on the coin.

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• Source: https://insidebitcoins.com/news/biconomy-price-prediction-for-today-december-11-bico-technical-analysis