- Based on CoinMarketCap, the worth of AGIX has risen by greater than 15% within the final 24 hours.
- Technical indicators on the altcoin’s 4-hour chart steered that the worth of AGIX might proceed to rise.
- Merchants and traders will need to watch the $0.29845 degree for the following 24 hours.
SingularityNET (AGIX) has seen value good points over the previous 24 hours, in keeping with cryptocurrency market monitoring web site CoinMarketCap. At press time, the altcoin was buying and selling at $0.3107 after a 15+% achieve over the previous day.
This cryptocurrency additionally outperformed the 2 cryptocurrency market leaders Bitcoin (BTC) and Ethereum (ETH). Because of this, AGIX elevated by 15.26% in opposition to BTC and 14.84% in opposition to ETH.
This constructive value motion was the results of a latest spike in altcoin buying and selling quantity over the previous 24 hours. CoinMarketCap reported AGIX’s every day buying and selling quantity at $171,766,216, a rise of 436.12% within the final 24 hours.
From a technical perspective, the AGIX value managed to show the $0.27109 resistance into assist yesterday morning. Over the following 12 hours, the altcoin managed to do the identical in opposition to one other key resistance degree of $0.29845, a degree it continued to commerce at at press time.
Technical indicators counsel that the worth of AGIX will proceed to rise within the subsequent 24 hours. The RSI line was buying and selling above the RSI SMA line on the 4-hour chart. Additionally, the 9 EMA line was buying and selling properly above the 20 EMA line.
Nonetheless, merchants ought to be aware that the RSI has been in overbought territory, which could possibly be an early indication of a correction within the subsequent 48 hours. This potential value lower may lead AGIX value to fall to the just lately modified $0.29845 degree. If this degree fails to carry, the following goal shall be $0.27109.
Alternatively, AGIX closing right now’s buying and selling session above $0.29845 would invalidate this bearish thesis. If this occurs, it could transfer to the following resistance degree at $0.32890 within the subsequent 24 hours.
Disclaimer: The views and opinions, in addition to all info shared on this value evaluation, are revealed in good religion. Readers ought to do their very own analysis and do their due diligence. Any actions taken by the reader are strictly at their very own threat. Coin Version and its associates is not going to be held answerable for any direct or oblique harm or loss.
