Biconomy (BICO) Eyes the $0.2500 Price Mark

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



Traders in the BICO/USDT daily market have continued to record gains for the second trading session in a row. Also, trading indicators have remained in the green concerning prices gaining more upside traction. Let’s take a closer look at this.

Biconomy Statistics:
BICO Value Now: $0.2480
Biconomy Market Cap: $153,624,857
BICO Circulating Supply: 624,610,465
Biconomy Total Supply: 1,000,000,000
Biconomy CoinMarketCap Ranking: 164

Major Price Levels:
Top: $0.2480, $0.2500, and $0.2550
Base: $0.2440, $0.2400, and $0.2350

Biconomy (BICO) Eyes the $0.2500 Price Mark

Biconomy Bulls Sustain an Upside Correction

As earlier mentioned, traders in the BICO daily market have kept on recording moderate profits for the second trading session in a row. Looking at the daily chart, one can see that the price candle that represents the ongoing sessions has raised the token’s price above the two sets of the Guppy Multiple Moving Average (GMMA) curves.

Also, the shadow of this candle is already crossing the $0.2500 price mark. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator seems to be rising more vigorously in this session. Also, the bars of this indicator are green and taller than the ones for the previous trading session. As a result, this tends to strengthen bullish hopes in this market.

Biconomy (BICO) Eyes the $0.2500 Price Mark

BICO Bulls Will Have to Overcome Bearish Pressure at this Point

Extending our scope to a much smaller Biconomy 4-hour market, one will see that bears are lying in wait for bulls. Therefore, there may be a tough battle in this market above the $0.2480 price mark. The last price candle here is a bearish one, although it seems to be retracting, and still holds some terror for the ongoing session.

Additionally, despite its appearance, price action remains above the GMMA curves. Nevertheless, the indications coming from the MACD cannot be ignored. Here, we can see that the last histogram bar is now pale in appearance. Consequently, this reveals that bullish pressure is seeking dominance. However, the fact that trading is now occurring above the GMMA strengthens the opinion that prices may proceed toward the $0.2550 mark.

Buy BICO on eToro

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *