π AGIX has recently experienced significant developments in the market. After a prolonged rally, AGIX appears to be losing momentum to continue its upward trend.
π There is potential for AGIX to move downward and retest the Bullish OB area around $0.8 to gather new momentum before potentially reaching our target area.
π However, if AGIX fails to bounce from the Bullish OB area, the next support level is at the demand area. This area has previously acted as an all-time high for AGIX, indicating strong buying interest. A bounce from this level could lead to a continuation of the upward movement.
π On the contrary, if AGIX breaks below the demand area, it would signify bearish momentum, potentially leading to further downward movement.
π There is potential for AGIX to move downward and retest the Bullish OB area around $0.8 to gather new momentum before potentially reaching our target area.
π However, if AGIX fails to bounce from the Bullish OB area, the next support level is at the demand area. This area has previously acted as an all-time high for AGIX, indicating strong buying interest. A bounce from this level could lead to a continuation of the upward movement.
π On the contrary, if AGIX breaks below the demand area, it would signify bearish momentum, potentially leading to further downward movement.
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