AGIX Price Prediction: In the daily time frame chart, a downsloping channel pattern gave a specific direction to the falling AGIX price. From the peak of $0.59, the altcoin tumbled nearly 61.7% and marked the monthly low at $0.226. However, amid the volatile market scenario, the buyers manage to break out from the pattern’s key resistance trendline in an attempt to regain trend control.
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AGIX Price Daily Chart
- This technical formation of the channel pattern shows three lower highs and two lower lows connected using trend lines and validates the reliability of this setup.
- A bullish breakout from the overhead trendline signals a trend reversal sign for AGIX
- The 24-hour trading volume in the SingularityNET coin is $135.2 Million, indicating a 25% loss.
The SingularityNet coin (AGIX) price shows an initiative to rally with a bullish breakout from the resistance trendline of the channel pattern. By the press time, this altcoin trades at $0.31 with an intraday gain of 6.35%.
If the daily candle closes above the breached trendline, the buyers will obtain a stable launchpad and push the prices higher. In an extremely bullish scenario, the resulting rally may surge the AGIX price to $0.588, registering a potential growth of 90%.
However, some more conservative targets for long-buyers could be $0.366 or $0.45, as they each stand as significant supply zone.
Will AGIX Price Rise to $0.58 Peak?
An upside breakout from the channel pattern has set a potential bull rally in AGIX price. In theory, each swing high with the pattern is a potential target for buyers to book profit. Therefore, with sustained buying momentum, the price rally could hit $0.366, $0.45, or $0.588.
Relative Strength Index: The daily RSI slope reached a two-month high of 56% indicating buyers convincing to reach higher levels.
Bollinger Band: The BB indicator challenge on the upside projects an active buying momentum and additional confirmation for a price rally.