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

According to Biconomy price predictions, BICO is seen recording a gain of 6.67% as the coin approaches the $0.45 level.

This economic forecast statistical data:

• Current Biconomy price – $0.41
• Biconomy Market Cap – $255.2 million
• Bieconomy circulating supply – 604.4 million
• Bieconomy total supply – 1 billion
• Biconomy Coinmarketcap Ranking – #181

BICO/USD Market

Main level:

Resistance levels: $0.50, $0.52, $0.54

Support levels: $0.32, $0.30, $0.28

BICO/USD is up 6.67% and trading above its 9- and 21-day moving averages. According to the daily chart, previous candle formations have maintained an upward trend, but a break below the 9-day and 21-day moving averages could cause the market price to fall. Meanwhile, the nearest support level is at the $0.36 level and a northerly wave could be seen moving higher above the upper boundary of the channel.

Economy Price Prediction: BICO Could Head North

According to the daily chart, Biconomy price is in an upward trend, and a rise above the channel could lead to intense buying towards resistance levels of $0.50, $0.52 and $0.54. Conversely, Biconomy price may need to hold on to the support level at the current daily low of $0.39. However, if Biconomy price falls below this support, it is likely to hit another support at $0.35.

Meanwhile, if sales enter the market, it may fall to the support levels of $0.32, $0.30, and $0.28. Moreover, the 9-day moving average may remain above the 21-day moving average, indicating that the market may be heading north.

BICO/BTC approaches 838 SAT.

Buyers are returning to the market with Biconomy price trading above its 9- and 21-day moving averages compared to Bitcoin. On the upside, when the 9-day MA crosses the 21-day MA, potential resistance levels could be located above 950 SAT.

So, looking at the downsides; The nearest support level is 650 SAT, and if the price falls further to form a new low, we may find lower support below 600 SAT. Additionally, bulls may need to increase pressure for the coin to generate further profits.

Alternative to this economics

Currently, the Biconomy price is hovering around the $0.41 level, indicating a promising upward trend as the coin tries to break above the upper limit of the channel. However, current market trends indicate that Biconomy price may remain above its moving average to maintain its bullish momentum. Meanwhile, if bullish pressure expands along with optimistic expectations and the coin rises further, a continued upward movement is expected to be possible.

In that regard, the well-established Biconomy coin has a market capitalization of $255.2 million, while the Bitcoin Minetrix token is currently making waves, having secured over $5.8 million in the pre-sale phase. Meanwhile, BICO remains firmly established, and Bitcoin Minetrix is ​​showing significant promise, establishing itself as a notable competitor with the potential to surpass existing cryptocurrencies such as BICO.

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