• Biconomy price prediction for December 26 states that BICO/USD is expected to hit $0.30 resistance.
• The Biconomy price crosses above the 9-day and 21-day moving averages, but the price has not yet reflected towards the upper boundary of the channel.
• If the Biconomy price reclaims the resistance level of $0.30, then it could increase the buying pressure and extend the upward movement.
The Biconomy price prediction for today, December 26, reveals that BICO/USD is expected to hit a resistance level of $0.30. According to the Biconomy market data, the current price is $0.28, the market cap is $72.5 million, the circulating supply is 255 million, and the total supply is 1 billion, with a Coinmarketcap ranking of #246.
The technical analysis of BICO/USD shows that the price has crossed above the 9-day and 21-day moving averages, but the price has not yet reflected towards the upper boundary of the channel. This ruins the long-term technical picture of the coin and means that the Biconomy price will have to reclaim the resistance level of $0.30 in order to increase the buying pressure. The closest resistance expects the coin at $0.35, which could be the daily high.
In the event that the Biconomy price reclaims the resistance level of $0.30, then it could increase the buying pressure and extend the upward movement. However, a movement towards the south could bring the coin to the support levels of $0.20, $0.15, and $0.10. Therefore, investors should remain vigilant and keep an eye on the market trend in order to make informed investment decisions.