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- 1 SingularityNET Price Prediction suggests a rise in the long term till it holds $0.30000.
- 2 AGIX price dropped below the listed price.
- 3 The pair of AGIX and BTC is trading at 0.00001091.
SingularityNET price prediction suggests a rise in the long term till the price holds $0.30000. AGIX price fell 30% approx from the recent swing high and slipped down by forming lower low swings.
AGIX price is trading below the 50 day EMA showcase short term trend is in downward direction. However, the price is near to the monthly lows and $0.28537 might act as an immediate support in the coming days. The trading volume in the AGIX crypto is in a declining phase shows less participants are active and prices may enter into consolidation.
SingularityNET price is trading at $0.31636 with an intraday decline of -2.81%. The 24 hour volume to market cap ratio is 0.1142. The pair of AGIX/BTC is trading at 0.00001087 with an intraday decline of -3.03%. The chart structure of AGIX with BTC pair is also in downtrend and struggles to defend the 200 day EMA. It shows positive correlation with the USDT pair.
At the mid of March, AGIX price attempted to break out of the previous swing high at $0.59106. Sadly, it got rejected and began to decline by forming lower lows. Therefore $0.59106 will act as a strong hurdle in coming months.
SingularityNET Price at monthly lows
SingularityNET price continues the decline from the past few weeks and no signs of recovery are visible. If the price drops below the $0.28537 then it might open up more downside and raise concern for the long term investors. However, if the buyers succeeded to defend the support and consolidate for some time then probability of reversal will increase.
AGIX price will pick up positive momentum only when buyers break out of the $0.46000 hurdle. Till then prices are expected to consolidate in a narrow range with a bearish bias. The technical analysis suggests SingularityNET price is downtrend and possibility of sharp up-move is low.
AGIX price losing the downside momentum
AGIX price formed a bullish hammer candle on a weekly timeframe and bears seems to be losing the momentum. The overall market sentiment is turning bullish and market leader Bitcoin climbs above $29000. It may positively impact the prices of AGIX as well as other Altcoins.
The technical indicators like MACD had generated a negative crossover indicates bearishness. But the curve is reversing upside denotes bears lacking the downside momentum. The RSI at 36 is near to the oversold territory which may trigger a short term relief rally from lower levels.
Conclusion
SingularityNET price prediction suggests a rise in the long term till it holds $0.30000 support. It corrected 30% approx from the swing high and formed a bearish pattern. The technical analysis suggests AGIX price is in downtrend and possibility of the sharp up-move is low.
Technical levels
Resistance levels : $0.46000 and $0.59106
Support levels : $0.28537 and $0.20000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
