๐จ $BICO TEETERS ON THE EDGE: Will Buyers Step In or Bears Take Control? ๐จ
$BICO is currently trading at $0.3277 after testing its 24-hour low at $0.3247, reflecting a sharp downward move. Despite the steep drop, the RSI at 22.15 highlights extreme oversold conditions, signaling the potential for a short-term bounce if buyers regain control. However, the nearby resistance at $0.3298 remains a critical hurdle, and any failure to break above this level could extend the bearish pressure.
The MACD continues to show weakness with a bearish crossover, while volume remains subdued, further indicating a cautious market. Traders should closely monitor the price action at the $0.3247 support zone, as a breakdown below this level could trigger another wave of selling. BICOโs next move hinges on whether buyers can capitalize on these oversold conditions or if bears tighten their grip further.