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Buyers Holds up Against Sellers

Buyers Holds up Against Sellers

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API3 Price Analysis for September 17: API3/USD Bulls Weakly Trying to Raise Price

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Biconomy (BICO/USD) Price Analysis for September 17: Buyers Against Sellers

Yesterday’s market activity took the price slightly above the $0.5000 resistance level. This price action also tested the 9-day moving average near the $0.5000 resistance level. later, sales pressure increased. At the end of the day, the price of BICO/USD ended at $0.4701, favoring buyers. The bulls are at it again today. They take over the market. However, the sellers are also great.

Biconomy market price statistics:

  • BICO/USD price now: $0.4796
  • BICO/USD market cap: $ 92,165,395
  • BICO /USD circulating supply: 190,954,186.73
  • BICO/USD total supply: 1,000,000,000
  • BICO/USD Coin Market Rank: #254

Key levels

  • Resistance: $0.4989, $0.5333, $0.5500
  • Support: $0.4513, $0.4251, $0.4000

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Biconomy market price analysis: indicators perspective

According to the two indicators used in this analysis, the price of Biconomy fluctuates in the area of ​​a downtrend. Even the 9-day moving average is above the price action. But as the bullish momentum picks up, the faster lines of the two indicators are getting closer to crossing the signal lines in either indicator. This is a sign of rising prices. But on balance, bears in the market remain strong.

Biconomy (BICO/USD) Price Analysis for September 17: Buyers Against Sellers

Biconomy: BICO /USD 4-hour chart view

The bulls took full control of the first 4-hour session and this pushed the price above the 9-day moving average. For this period, the market is in an uptrend. In MACD and RSI, the faster lines have crossed the slower lines. And the RSI line has reached 51%. In the second session, more sellers become active and they now slow down the increase in buyers’ prices. Buyers and sellers are still fighting hard.

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