- Based on CoinMarketCap, the worth of AGIX has elevated by greater than 15% within the final 24 hours.
- A technical indicator on the 4-hour chart of altcoins means that AGIX worth might proceed to rise.
- Merchants and buyers will wish to monitor the $0.29845 ranges for the following 24 hours.
Based on cryptocurrency market monitoring web site CoinMarketCap, the worth of SingularityNET (AGIX) has skyrocketed over the previous 24 hours. On the time of writing, the altcoin worth was at $0.3107 after a worth improve of over 15% the day past.
The cryptocurrency additionally outperformed two of the cryptocurrency 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. Based on CoinMarketCap, his day by day buying and selling quantity on AGIX was $171,766,216, a rise of 436.12% over the previous 24 hours.
From a technical perspective, AGIX worth was in a position to convert to help at $0.27109 resistance yesterday morning. Within the subsequent 12 hours, the altcoin was in a position to do the identical on the subsequent key resistance stage, $0.29845. This stage continues to be above on the time of writing.
Technical indicators steered that AGIX worth will proceed to rise within the subsequent 24 hours. The RSI line on the 4-hour chart was buying and selling above the RSI SMA line. Furthermore, the 9 EMA line was buying and selling effectively above the 20 EMA line.
Nonetheless, merchants ought to have in mind the truth that the RSI has been in overbought territory, which could possibly be an early signal of a correction inside the subsequent 48 hours. This potential worth drop may push the worth of AGIX all the way down to the current reversal of the $0.29845 stage. If this stage fails, the following goal is $0.27109.
Then again, this bearish view can be invalidated if AGIX closes above $0.29845 at present. If this occurs, a transfer to the following resistance at $0.32890 is probably going inside the subsequent 24 hours.
Disclaimer: As with all info shared on this pricing evaluation, views and opinions are shared in good religion. Readers ought to do their very own analysis and due diligence. Readers are strictly answerable for their very own actions. COIN EDITION AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT OR INDIRECT DAMAGES OR LOSSES.