$BICO
🚨 BICO/USDT Update – Real-Time
Price: around $0.1125 🔼 ~+11.50% intraday
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📰 News
No major fundamental news today. The move appears to be momentum-driven, likely due to broader altcoin rotation and liquidity inflows to lower-cap L1/L2 infrastructure projects.
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⚙️ Fundamentals
Biconomy (BICO) is a multichain relayer protocol designed to simplify web3 UX by enabling gasless transactions, meta-transactions, and cross-chain compatibility. While backed by Coinbase and other notable VCs, the protocol has faced adoption stagnation. Risks include low active usage and competition from similar abstraction layers like Gelato and Alchemy Pay.
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📊 Technicals + Trade Ideas
Price has broken out above short-term resistance around $0.105 with increasing volume. Strong bullish engulfing candle on the 4H timeframe.
• Long bias: Entry $0.109–$0.112
SL ~$0.105
TP1 $0.120–$0.125
TP2 $0.138–$0.145
• Momentum long: Entry >$0.120, SL ~$0.116, TP up to $0.145+
• Short bias: If rejection at $0.120–$0.125, entry ~$0.122, SL ~$0.126, TP back to $0.108–$0.110
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🧠 Smart Money / Whale Activity
No significant on-chain whale activity detected yet. Volume uptick suggests retail and algo-based buying. Monitor for exchange inflows and CEX wallet movement.
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🔖 Support / Resistance
• Support: $0.105 / $0.096
• Resistance: $0.120 / $0.138
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🎯 Sentiment: Bullish Bias
Technical breakout suggests short-term upside potential, but fundamental stagnation limits long-term conviction. Ideal for short- to mid-term momentum plays.
