- Based on CoinMarketCap, the value 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 value could proceed to rise.
- Merchants and buyers will need to monitor the $0.29845 ranges for the subsequent 24 hours.
Based on cryptocurrency market monitoring web site CoinMarketCap, the value of SingularityNET (AGIX) has skyrocketed over the previous 24 hours. On the time of writing, the altcoin value was at $0.3107 after a value improve of over 15% yesterday.
The cryptocurrency additionally outperformed two of the cryptocurrency market leaders, Bitcoin (BTC) and Ethereum (ETH). Consequently, AGIX rose 15.26% towards BTC and 14.84% towards ETH.
This optimistic value motion is a product of the latest surge in altcoin buying and selling quantity over the previous 24 hours. Based on CoinMarketCap, his each 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 value was in a position to convert to assist 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 urged that AGIX value 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.
Nevertheless, merchants ought to remember the truth that the RSI has been in overbought territory, which might be an early signal of a correction throughout the subsequent 48 hours. This potential value drop might push the value of AGIX right down to the latest reversal of the $0.29845 stage. If this stage fails, the subsequent goal is $0.27109.
Alternatively, this bearish view shall be invalidated if AGIX closes above $0.29845 right this moment. If this occurs, a transfer to the subsequent resistance at $0.32890 is probably going throughout 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 accountable for their very own actions. COIN EDITION AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT OR INDIRECT DAMAGES OR LOSSES.
