AGIX Breaks Another Support Level and Shows No Signs of Slowing

AGIXUSDT has recently entered a short-term upward trend, marked by a sequence of rising peaks and troughs over the last few days. This upward movement has enabled the cryptocurrency to surpass the resistance level of $0.76307 in the recent hours. If it manages to sustain above this level with a 4-hour candle closing in the next 24 hours, its price is likely to continue its ascent in the days ahead. Conversely, failing to maintain this level could see the price of SingularityNET drop to the next support level at $0.58965 within the next 48 hours. If selling pressure persists, the price could further decline to another support level at $0.46075 shortly.

Technical analysis indicates that the price of SingularityNET might continue its upward trend. The 4-hour chart's Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing bullish signals. The MACD line has recently moved above the MACD Signal line, suggesting a strengthening bullish trend that could encourage buyers. This is often interpreted by traders as a sign of a strengthening positive momentum for AGIX. If this technical pattern holds true, the price of the altcoin could continue to rise.

Additionally, the RSI indicator is hinting at a bullish short-term outlook, as it has moved above its Simple Moving Average (SMA) line in the last 24 hours. This movement indicates that buying pressure is surpassing selling pressure, potentially leading to further gains for the SingularityNET price in the next few days.