Biconomy Price Prediction Today, Sept. 29: BICO Trades at $0.42

Biconomy’s price forecast shows that BICO is likely to break out of the 21-day moving average and start an uptrend as the price rose 2.58%.

Bieconomic forecast statistical data:

• Byconomy Price – $0.42
• Biconomy market cap – $81.8 million
• Biconomy Circulating Supply – 190.9 Million
• Total supply of biconomy – 1 billion
• Biconomy Coinmarketcap Ranking – #260

BICO/USD Market

Main level:

Resistance Levels: $55, $60, $65

Support Levels: $35, $30, $25

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BICO/USD is hovering around $0.42 as the coin prepares to head higher. Today’s trade begins with a slight bullish move in the market as the coin moves above his 9-day moving average line. However, traders expect the current price action to be indicative of upcoming price gains in the market.

Byconomy Price Prediction: BICO Prepares for the Upside

According to the daily chart, the next step for the Byconomy price is to break above the 21-day moving average line. Once this is done, the bulls can push the coin towards the upper end of the channel to reach resistance levels of $55, $60 and $65 respectively.

However, BICO/USD could confirm a bullish move when the technical indicator Relative Strength Index (14) moves towards the 40 level. A bullish move towards the upper end of the channel can be maintained. On the other hand, if the price decides to move south quickly, the support levels could be $35, $30, and $25 respectively.

Against Bitcoin, Byconomy breaks out of the 9-day moving average as the coin moves up. At the moment, the bulls are pushing the coin on the positive side, with the technical indicator Relative Strength Index (14) crossing above the 40 level.

However, if the bears break below the moving averages, BICO/BTC could drop to support levels below 1900 SAT. On the other hand, if the bullish action continues, the coin could break above the 21-day moving average, and with further bullish action, the coin could reach resistance levels above 2500 SAT.