SingularityNET has continued to rally hard despite posting several gains in the past weeks. The bullish sentiment remains intact, with no sign of weakness at the moment.
It was Aptos, LidoDAO, and Gala last month. AGIX took over this month and has exploded by over 170% following a massive surge in volatility. This high percentage makes it outperform other cryptocurrencies to hold the top gainer spot in the past week.
Based on CoinMarketCap data, it is currently the overall top gainer since the start of the year – charting a whopping 720% gain so far.
AGIX increased in the past weeks after it established solid support around $0.035. It quickly reclaimed the psychological resistance of $0.1 and broke out of its structure to double the price at $0.255. It rejected that price level and retraced slightly in mid-January.
The asset later found support above $0.16 and began to show signs of strength again. This rebound led to another huge rally which brought the price to a year high of $0.477 today. The formation of the current daily candle suggests indecisiveness – which seems to be reaching a climax.
However, there is still room for an increase. If the cryptocurrency extends bullishness, it may navigate more highs or even rise to $0.6, where it initiated bearish actions in September 2021.
A correction from the current trading level could plunge the price as low as $0.255 level before it takes off again.
AGIX Key Level To Watch Out For
AGIX has conquered a lot of resistance in the past weeks. If it continues to reiterate actions, the resistance to watch above the current high is $0.51, followed by a hidden resistance at $0.54 before advancing to $0.57
For a correction, the key rebound level to pay attention to is $0.4, which is slightly above the current daily low, then $0.35 and $0.3 support levels.
Key Resistance Levels: $0.51, $0.57, $0.6
Key Support Levels: $0.4, $0.35, $0.3
- Spot Price: $0.44
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
Image Source: karnoff/123RF // Image Effects by Colorcinch
