Biconomy price prediction has grown a staggering 9.94% and is currently trading around the $0.80 resistance level.
Biconomy forecast statistics:
Biconomy current price – $0.80
Biconomy Market Cap – $544.9 Million
Biconomy Circulation – 703.4 Million
Biconomy Total Supply – 1 billion
Biconomy Coinmarketcap Ranking – #119
BICO/USD Market
Key Levels:
Resistance: $1.00, $1.10, $1.20
Support levels: $0.60, $0.50, $0.40
BICOUSD – Daily Chart
BICO/USD has had a nice rally in the past 24 hours, which has taken it above the resistance level of $0.86. The coin has maintained a bullish trend for four consecutive days. Meanwhile, currently Biconomy (BICO) is one of the most promising coins on the market, with the possibility of hitting the resistance level of $0.90 in the coming days. Therefore, in the long term, the bullish outlook is likely to continue as long as the buyer pressure increases.
Biconomy Price Prediction: Will Biconomy Continue to Rise?
As can be seen from the daily chart, Biconomy price is rising within the channel and above the 9-day and 21-day moving averages. On the upside, if the price breaks out and closes above the upper boundary of the channel, BICO/USD is likely to continue to rise and is expected to reach the resistance levels of $1.00, $1.10, and $1.20.
If the 9-day moving average fails to continue to remain above the 21-day moving average, there is a possibility that bears will return to the market, which could lead the market price to hit the nearest support levels of $0.60, $0.50, and $0.40. Technically, the 9-day moving average is likely to remain above the 21-day moving average, indicating the presence of additional bullish signals within the channel.
BICO/BTC trend is bullish
Biconomy has been rising in price against Bitcoin, with the coin hitting a daily high of 1299 SAT. The recent rise could enable the cryptocurrency to break out of the upper boundary of the channel, which is a promising sign for buyers.
BICOBTC – Daily Chart
From the downside, if the bears can break the moving averages, the key support could be located at 87 SAT and below. However, the nearest resistance is currently located above the channel. Therefore, any further resistance could hit the potential resistance at 1500 SAT and above, meanwhile, the 9-day moving average is crossing above the 21-day moving average, which is a promising sign for the bulls as the momentum is on their side.
However, @CryptoTisa1 shared some insights with his followers on X (formerly Twitter), stating that the strength of $BICO remains stable, with a potential 100% upside expected. Furthermore, he highlighted the resilience of $BICO amid market dynamics, providing a promising outlook for investors.
$BICO looks strong…expected to see a 100% uptick
#BICO
#crypto
#btc
pic.twitter.com/QsqrqcAzS9
— CRYPTO TISA (@CryptoTisa1)
April 3, 2024
Alternatives to Biconomy
Currently, Biconomy price is approaching $0.80, indicating that its upward trajectory is expected to exceed the upper boundary of the channel. The encouraging market trend indicates continued bullish momentum, consolidating Biconomy's market capitalization at $544.9 million. Meanwhile, Bitcoin Minetrix quickly gained momentum during the presale phase, accumulating a staggering $12.8 million. This growth makes it a worthy rival to established cryptocurrencies such as Biconomy.
Bitcoin Minetrix Raises $12.5 Million! Will It Be the Next 20x Cryptocurrency?
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