BICO at $0.017—would you bet on it?
Look at the surface first: a 30-40% rebound from the bottom, breaking out of the descending channel on heavy volume.
From the absolute low of 0.0113 to now, it has risen over 30% in 7 days. The 24-hour trading range is 0.014-0.0196, and it is currently consolidating at 0.017. Its market cap is only $12-15 million, and its fully diluted valuation is also pitifully low. After breaking out on heavy volume, it pulled back to retest the breakout. Funding rates are deeply negative, while shorts are still adding positions—the squeeze could happen at any time.
First: shorts are giving away money, but you do not have the nerve to take it.
Aster DEX has launched BICO perpetual contracts with up to 5x leverage, and trading points will be boosted through August 11. The futures market is showing an extreme signal—funding rates are deeply negative, open interest continues to rise, and shorts are piled up like a mountain, yet the price is rising.
Shorts are adding to their positions, but the price is not falling—it has risen 30% instead. Shorts are trapped. In a low-liquidity environment, as long as longs push slightly harder, shorts will be forced to close their positions and buy back—this is a classic short squeeze.
Second: the fundamentals tell a “one billion users” story, but do not take it too seriously.
Biconomy positions itself as Web3 user experience infrastructure—gasless transactions, account abstraction, and cross-chain relayers. It processes 50k transactions daily across multiple chains and integrates with more than 40 dApps. Sounds impressive? But you should know: competition in this sector is fierce, and BICO is not the exclusive leader.
The token supply is 1 billion, with approximately 720 million in circulation, while its market cap is only over $50k. But precisely because it is small enough, its upside can be large enough.
Third: the candlestick chart is showing a classic “pre-squeeze” signal.
On the daily chart, it rebounded from 0.011, broke out of the descending channel on heavy volume, and then pulled back to the 0.015-0.016 support zone. It is currently consolidating around 0.017. Trading volume is extremely high relative to market cap, indicating that funds are entering. Technical indicators are overall neutral, but heavy volume + pullback + short accumulation—when combined, these three form a classic “building momentum” pattern.
Key levels
Resistance above: 0.0185-0.0195 (recent highs) → 0.022-0.025
Support below: 0.015-0.0155 (rebound initiation zone) → 0.013-0.014
The bulls and bears face off—judge for yourself
On one side:
Deeply negative funding rates and accumulated shorts = ample squeeze fuel
Rising OI + rising price = shorts are trapped
Up 30% in 7 days, breaking out of the descending channel on heavy volume
A market cap of only $12 million means it does not take much money to push the price up
On the other side:
The fundamentals do not make it the exclusive leader, and competition is fierce
Down more than 99% from its ATH of $21, with countless trapped holders
August has historically been soft for crypto assets
High volatility and low depth—one wick can blow you out
Short-term long trade:
Entry: Go long with a light position on a pullback to 0.0155-0.016, with a position size ≤5% of total capital and 3-5x leverage
Stop-loss: Below 0.0148
Target 1: 0.0185-0.0195
Target 2: If it breaks above 0.0185 on heavy volume and holds, add to the position and target 0.022-0.025
Short/stand aside:
If a heavy-volume long upper wick appears at the top and funding rates turn positive and overheated, consider a light short position
If BTC falls below $62k, all altcoins will suffer along with it
Ironclad risk-management rules:
Risk no more than 1-2% of total capital per trade
Slippage is significant in low-liquidity conditions; do not place market orders
Watch for changes in trading volume before and after the Aster points campaign ends on August 11
This thing can move 30-50% in a day; if you cannot handle it, stay away
You did not buy at 0.011, hesitated at 0.017, then FOMO-bought at 0.025—and finally cut your losses at 0.015. This is not the market’s problem; you are always making the wrong decision at the wrong time.
BICO is not “value investing” right now; it is a “chip game.”#Gate上线宇树科技盘前合约 #Gate储备金率117% #Strategy再售1637枚BTC并回购STRC $BTC $ETH $BICO
Look at the surface first: a 30-40% rebound from the bottom, breaking out of the descending channel on heavy volume.
From the absolute low of 0.0113 to now, it has risen over 30% in 7 days. The 24-hour trading range is 0.014-0.0196, and it is currently consolidating at 0.017. Its market cap is only $12-15 million, and its fully diluted valuation is also pitifully low. After breaking out on heavy volume, it pulled back to retest the breakout. Funding rates are deeply negative, while shorts are still adding positions—the squeeze could happen at any time.
First: shorts are giving away money, but you do not have the nerve to take it.
Aster DEX has launched BICO perpetual contracts with up to 5x leverage, and trading points will be boosted through August 11. The futures market is showing an extreme signal—funding rates are deeply negative, open interest continues to rise, and shorts are piled up like a mountain, yet the price is rising.
Shorts are adding to their positions, but the price is not falling—it has risen 30% instead. Shorts are trapped. In a low-liquidity environment, as long as longs push slightly harder, shorts will be forced to close their positions and buy back—this is a classic short squeeze.
Second: the fundamentals tell a “one billion users” story, but do not take it too seriously.
Biconomy positions itself as Web3 user experience infrastructure—gasless transactions, account abstraction, and cross-chain relayers. It processes 50k transactions daily across multiple chains and integrates with more than 40 dApps. Sounds impressive? But you should know: competition in this sector is fierce, and BICO is not the exclusive leader.
The token supply is 1 billion, with approximately 720 million in circulation, while its market cap is only over $50k. But precisely because it is small enough, its upside can be large enough.
Third: the candlestick chart is showing a classic “pre-squeeze” signal.
On the daily chart, it rebounded from 0.011, broke out of the descending channel on heavy volume, and then pulled back to the 0.015-0.016 support zone. It is currently consolidating around 0.017. Trading volume is extremely high relative to market cap, indicating that funds are entering. Technical indicators are overall neutral, but heavy volume + pullback + short accumulation—when combined, these three form a classic “building momentum” pattern.
Key levels
Resistance above: 0.0185-0.0195 (recent highs) → 0.022-0.025
Support below: 0.015-0.0155 (rebound initiation zone) → 0.013-0.014
The bulls and bears face off—judge for yourself
On one side:
Deeply negative funding rates and accumulated shorts = ample squeeze fuel
Rising OI + rising price = shorts are trapped
Up 30% in 7 days, breaking out of the descending channel on heavy volume
A market cap of only $12 million means it does not take much money to push the price up
On the other side:
The fundamentals do not make it the exclusive leader, and competition is fierce
Down more than 99% from its ATH of $21, with countless trapped holders
August has historically been soft for crypto assets
High volatility and low depth—one wick can blow you out
Short-term long trade:
Entry: Go long with a light position on a pullback to 0.0155-0.016, with a position size ≤5% of total capital and 3-5x leverage
Stop-loss: Below 0.0148
Target 1: 0.0185-0.0195
Target 2: If it breaks above 0.0185 on heavy volume and holds, add to the position and target 0.022-0.025
Short/stand aside:
If a heavy-volume long upper wick appears at the top and funding rates turn positive and overheated, consider a light short position
If BTC falls below $62k, all altcoins will suffer along with it
Ironclad risk-management rules:
Risk no more than 1-2% of total capital per trade
Slippage is significant in low-liquidity conditions; do not place market orders
Watch for changes in trading volume before and after the Aster points campaign ends on August 11
This thing can move 30-50% in a day; if you cannot handle it, stay away
You did not buy at 0.011, hesitated at 0.017, then FOMO-bought at 0.025—and finally cut your losses at 0.015. This is not the market’s problem; you are always making the wrong decision at the wrong time.
BICO is not “value investing” right now; it is a “chip game.”#Gate上线宇树科技盘前合约 #Gate储备金率117% #Strategy再售1637枚BTC并回购STRC $BTC $ETH $BICO
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