The Biconomy price prediction shows that BICO heads to the upside as the coin moves to cross above the upper boundary.
Biconomy Prediction Statistics Data:
- Biconomy price now – $0.40
- Biconomy market cap – $188.3 billion
- Biconomy circulating supply – 456.9 million
- Biconomy total supply – 1 billion
- Biconomy Coinmarketcap ranking – #153
Resistance levels: $0.55, $0.60, $0.65
Support levels: $0.30, $0.25, $0.20
At the time of writing, BICO/USD is likely to create additional gains as the bulls step into the market heavily. The Biconomy price touches a new high level of $0.47 during the European session today. Meanwhile, if there is short-term selling pressure, Biconomy could tackle it and make a comeback at the level mentioned above.
Biconomy Price Prediction: Biconomy (BICO) Prepares for More Uptrends
According to the daily chart, the Biconomy price experiences a slight drop below the daily high of $0.45 and any increasing selling pressure could bring the price to touch a new low at $0.39. However, if the buyers manage to keep the bullish momentum, any bullish movement could push the Biconomy price to cross above the channel which could hit the resistance levels of $0.55, $0.60, and $0.65 respectively.
Therefore, if the bulls failed to push the coin to the upside, it may experience a downswing below the moving averages while the Relative Strength Index (14) remains above the 60-level, it is likely for the Biconomy price to locate the supports at $0.30, $0.25, and $0.20 if the price crosses below the lower boundary of the channel.
Against Bitcoin, the Biconomy price heads to the north as the coin touches the daily high of the 2049 SAT. It may cross above the upper boundary of the channel if the bulls put in more effort. Therefore, the Relative Strength Index (14) is now seen moving to cross above the 60-level, suggesting more bullish signals.
Therefore, any bullish movement above the upper boundary of the channel can make the coin hit the resistance level of 2200 SAT and above but should in case the bulls fail to push the coin upward, sellers can bring it lower to the support level of 1500 SAT and below.
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- Source: https://insidebitcoins.com/news/biconomy-price-prediction-for-today-january-30-bico-usd-soars-above-0-45-level