- AGIX’s worth is up over 15% previously 24 hours in line with CoinMarketCap.
- Technical indicators on the altcoin’s 4-hour chart recommend that AGIX’s worth might proceed to rise.
- Merchants and traders will wish to watch the $0.29845 degree over the subsequent 24 hours.
SingularityNET (AGIX) has seen its worth enhance over the previous 24 hours in line with crypto market monitoring web site, CoinMarketCap. At press time, the value of the altcoin stood at $0.3107 after a worth enhance of greater than 15% within the final day.
The crypto additionally outperformed the 2 crypto market leaders Bitcoin (BTC) and Ethereum (ETH). In consequence, AGIX rose 15.26% in opposition to BTC and 14.84% in opposition to ETH.
This constructive worth 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.
From a technical standpoint, AGIX worth was capable of flip the $0.27109 resistance into help yesterday morning. Inside 12 hours, the altcoin was capable of do the identical with the subsequent key resistance degree at $0.29845 – a degree it was persevering with to commerce above at press time.
Technical indicators recommended that the value 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 nonetheless take observe that the RSI was within the overbought territory, which could possibly be an early indication of a correction within the subsequent 48 hours. This potential worth pullback might trigger AGIX worth to drop to the lately reversed degree of $0.29845. If this degree doesn’t maintain, the subsequent goal would be the $0.27109 mark.
However, AGIX closing at this time’s buying and selling session above $0.29845 would invalidate this bearish thesis. If that occurs, it might transfer to the subsequent resistance degree at $0.32890 within the subsequent 24 hours.
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