Technical analysis by MISANTHROPE3 about Symbol BICO on 1/20/2025

$0.55 is the only resistance holding Bico from reaching new highs. We can see two scenarios based on the market:1. If we see a green market, Biconomy can try to break this resistance. If it succeeds in breaking it, the price can have a pullback to $0.35, then we can wait for $1 or even $2.2. If it fails to break the resistance, we can see new lows with potential targets of $0.10 - $0.095.However, if we don't see an attempt to break the $0.50 resistance (if Bico fails to break the lost support at $0.30 and also loses $0.25), the price can go down to $0.19, then a pullback for breaking $0.30 can be expected and if it fails then the second scenario targets are expected.For now since Bico is holding on to the $0.25, it is a good buying opportunity.Dyor