Biconomy Price Forecast: BICO Up 126% Weekly, Bulls Target $0.03
Biconomy's BICO token surged 57% in 24 hours and over 126% weekly, reaching $0.02676, with daily trading volume exceeding $102 million. Technical analysis indicates a strong bullish trend, with the price trading above key moving averages and near the $0.02728 resistance level. A breakout above this could target the $0.03 psychological level and potentially $0.033-$0.035. Open interest in derivatives spiked, indicating renewed market participation, while spot exchange flows show recent net inflows, supporting accumulation. Key support levels are at $0.02384 (Fibonacci 0.786 retracement), $0.02115, and $0.01925. The overall outlook remains bullish, contingent on buyers holding the $0.02384 support zone to sustain momentum for further gains.
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