12/9 was an inverted hammer BULLISH

Biconomy has been quickly listed on many exchanges, some were surprised on twitter with how quickly it was listed on coinbase.
(Bear in mind some coins have never been listed on exchanges such as XRP/Ripple on coinbase and robinhood)
Biconomy has low gas fees and its strength lies in APIs that make it a strong Web 3.0 play, and potentially advances beyond Etherium.
This is also at a time when Etherium is gaining in popularity over Bitcoin in what has become known as the "Flippening"
In the first two days it was bought up to a high of $20 where it then sold off to find its lows.
The downtrend has slowed and there was an attempt to retry an uptrend on 12/9 when on the day it formed an inverted hammer .
The market cap on Biconomy is incredibly low at $300 Million compared to the $20 Billion of memecoins like Dogecoin and Shiba Inu.
In the sell off from its highs, $BICO lost $150 Million in market cap from $450 Million
This means that this could potentially be the lowest Biconomy will ever be.
Since starting trading $BICO has been on a red downtrend from $20 to its new and first found support of $5.
The way that the selling has slowed appears to follow an arc pattern, and should it continue it could find new highs within a month.

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