• AGIX’s value is up over 15% prior to now 24 hours in line with CoinMarketCap.
• Technical indicators on the altcoin’s 4-hour chart recommend that AGIX’s value might proceed to rise.
• Merchants and buyers will need to watch the $0.29845 degree over the following 24 hours.

SingularityNET (AGIX) has seen its value enhance over the previous 24 hours in line with crypto market monitoring web site, CoinMarketCap. At press time, the worth of the altcoin stood at $0.3107 after a value enhance of greater than 15% within the final day.

The crypto additionally outperformed the 2 crypto market leaders (BTC) and (ETH). Consequently, AGIX rose 15.26% towards BTC and 14.84% towards ETH.

This optimistic value motion is a product of the current surge in altcoin buying and selling quantity over the previous 24 hours. CoinMarketCap reported that AGIX’s day by day buying and selling quantity was $171,766,216, a rise of 436.12% over the earlier 24 hours.

4 hour chart for AGIX (Supply: TradingView)

From a technical standpoint, AGIX value was in a position to flip the $0.27109 resistance into help yesterday morning. Inside 12 hours, the altcoin was in a position to do the identical with the following key resistance degree at $0.29845 – a degree it was persevering with to commerce above at press time.

Technical indicators urged that the worth of AGIX would proceed to climb within the subsequent 24 hours. The RSI line on the 4-hour chart was buying and selling above the RSI SMA line. Moreover, the 9 EMA line was buying and selling nicely above the 20 EMA line.

Merchants ought to nevertheless take notice that the RSI was within the overbought territory, which might be an early indication of a correction within the subsequent 48 hours. This potential value pullback may trigger AGIX value to drop to the just lately reversed degree of $0.29845. If this degree doesn’t maintain, the following goal would be the $0.27109 mark.

However, AGIX closing as we speak’s buying and selling session above $0.29845 would invalidate this bearish thesis. If that occurs, it may transfer to the following resistance degree at $0.32890 within the subsequent 24 hours.

Disclaimer: Views and opinions, in addition to all data shared on this value evaluation, are printed in good religion. Readers ought to do their very own analysis and due diligence. Any motion taken by the reader is strictly at his personal threat. Coin Version and its associates won’t be held chargeable for any direct or oblique injury or loss.

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