• Biconomy price prediction for December 26th is that BICO/USD will hit $0.30 resistance.
• BICO/USD is currently trading within the 9-day and 21-day moving averages.
• To extend the upward movement, BICO will have to reclaim the resistance level of $0.30.
The Biconomy price prediction for December 26th reveals that BICO/USD may hit the resistance level of $0.30. Biconomy (BICO) is currently trading within the 9-day and 21-day moving averages, with the price not reflecting towards the upper boundary of the channel. This ruins the long-term technical picture of the coin, as it needs to reclaim the resistance level of $0.30 to increase the buying pressure.
At the moment, Biconomy has a market cap of $72.5 million, a circulating supply of 255 million BICO, and a total supply of 1 billion BICO. According to CoinMarketCap, the cryptocurrency is currently ranked #246.
In order to extend the upward movement, BICO will have to reclaim the resistance level of $0.30. If it does, the coin will have the chance to move towards the next resistance levels at $0.40, $0.45, and $0.50. On the other hand, if BICO fails to reclaim the resistance level, it may drop to the support levels of $0.20, $0.15, and $0.10.
Overall, if the Biconomy price prediction is accurate and the coin is able to break through the resistance level, it could be a great opportunity for investors to capitalize on the potential growth of the currency. However, investors should always do their own research and practice caution when making any investment decisions.