Biconomy rose to the top of the daily movers’ list yesterday, and this crypto has been able to keep up its steady gains. While the magnitude of its movement reduced from roughly 10 to 8, this crypto remains un-dethroned. What is there to expect from this crypto? We’ll get into that shortly.
Biconomy Current Price: 0.6294
Biconomy Market Cap: 101.7 million
Biconomy Total Supply: 1 billion
Biconomy Rank: 197
Key Levels:
Resistance: $0.5194, $0.6110, $0.6294
Support: $0.6000, $0.5610, $0.5500
BICO/USD Value Prediction: BICO More Optimism in Biconomy Market
Considering the BICO/USD daily chart, we’ll perceive some possibilities of additional upside movement. Already, this market is bullish on this time frame going by the last three candlesticks here. Additionally, we can also see that the price motion stays above the middle band of the Bollinger indicator. All this two put together, imply that more upside move can be anticipated.
Furthermore, the SRSI: Stochastic Relative Strength indicator lines is displaying an upward-facing curve. This foretelling that the price of this crypto will still rise further. Consequently, traders can anticipate the value of this crypto to arrive at $0.7000 and $0.7500 at most.
BICO/USD Value Prediction: BICO: Biconomy Stays Positive
On a shorter time frame of 4-hour, BICO/USD market stays positive. The positivity here stems from the fact that Biconomy price motion stays above the middle band of the Bollinger indicator. Additionally, the last candlestick shows that value has resumed going upwards
Also, the SRSI indicator is about to make an upward reversal above the 40% level. This implies that from this point on the values of this crypto will keep moving in the upward direction. Considering all these signs, we may conclude that the BICO/USD market is presenting some nice trading opportunities.
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