- In keeping with CoinMarketCap, the value 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 value of AGIX might proceed to rise.
- Merchants and traders will need to watch the $0.29845 stage for the following 24 hours.
SingularityNET (AGIX) has seen worth beneficial properties over the previous 24 hours, based on 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 (BTC) and (ETH). Consequently, AGIX elevated by 15.26% towards BTC and 14.84% towards ETH.
This constructive worth motion was the results of a current spike in altcoin buying and selling quantity over the previous 24 hours. CoinMarketCap reported AGIX’s day by day buying and selling quantity at $171,766,216, a rise of 436.12% within the final 24 hours.
AGIX 4 Hour Chart (Supply: TradingView)
From a technical perspective, the AGIX worth managed to show the $0.27109 resistance into assist yesterday morning. Over the following 12 hours, the altcoin managed to do the identical towards one other key resistance stage of $0.29845, a stage it continued to commerce at at press time.
Technical indicators counsel that the value 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 notice 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 worth reduce could lead on AGIX worth to fall to the lately modified $0.29845 stage. If this stage fails to carry, the following goal shall be $0.27109.
Alternatively, AGIX closing at present’s buying and selling session above $0.29845 would invalidate this bearish thesis. If this occurs, it could transfer to the following resistance stage at $0.32890 within the subsequent 24 hours.
Disclaimer: The views and opinions, in addition to all data shared on this worth evaluation, are printed 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 danger. Coin Version and its associates won’t be held answerable for any direct or oblique injury or loss.
The put up AGIX is up greater than 15%, will it go increased? first appeared in coin challenge.
See the unique CoinEdition
