spot_img
spot_img
spot_img
ThecoinrepublicCryptocurrencyAGIX Price Prediction: Will AGIX Price May...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immerion
spot_img

AGIX Price Prediction: Will AGIX Price May Decline Further?

spot_img

AGIX price is currently making a downward curve implying that the price of the SingulartyNET coin might be gearing up for a bearish correction. The price has been making constant attempts to breach above $0.3200 without success which indicates that presently the buyers are refusing to support above this level. 

In the smaller time frame, the price is consolidating between 100 and 200 EMA, making an uptrend. However, in the longer term timeframe, the price indicates that it might prefer to make a correction before taking a positive pullback.

The current value of the AGIX token is $0.295 and it has a market cap of $360.46 Million. According to market capitalization, SingulartyNET is in the 99th rank.

AGIX Price Is Trading On a Bull Trend In Daily Timeframe

Source:  AGIX/USDT by TradingView

AGIX’s price declined by 11% after making a sharp reversal from the $0.3300 price which is proving to be a challenging barrier to the buyers. It is predicted to see a further decline of more than 8% if the buyers fail to defend their recent support zone.

AGIX Price Observes an Appreciation In The Total Bullish Sentiments

Source:  THETA/USDT by LunarCrush

The investor’s sentiments regarding the price have surged dramatically within the past few weeks. Total Bullish sentiment metrics have increased by 198.8% conveying the buyers growing interest in the token within the past week whereas there is a positive incline in the total social mention level of 132.9% which exhibits an increase in the social activity of prospective buyers in the community.

Technical Analysis ( 4Hr Time Frame )

Source:  AGIX/USDT by Trading View

Both RSI and stochastic oscillators are at present moving near the median line on the daily timeframe.

The RSI line is at 46.70 points at present, attempting to cross above the 14 SMA which is trading at 47.18 points. The buyers might prefer to wait for a positive crossover before deciding the direction of a reversal. 

The stochastic RSI is also moving with the RSI line. The %K line indicates that it may soon give a positive interception to the %D line. The present value of stochastic RSI is 45.44 points.

Conclusion

Though overall market sentiment is bullish despite a slight decline in the last few days. The bulls can take control back of the market after reaching the $0.2500 price point. Observing the historical price action it can be estimated that the buyers support the bull trend.

Technical levels –

Support -$0.2800

Resistance – $0.3200

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Ritika Sharma
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
spot_img
spot_img

Related News

Maxwell Mutuma

Terraform Labs to Sell 4 Firms Amid $4.5 Billion SEC Settlement

BONK
Andrew Smith

BONK: Meme Coin On The Rise, Can Its Price Advance By 70%?

Top Layer-2
Ritika Sharma

Top Layer-2 Tokens To Watch Out This Month: MNT, ARB, & OP

Celestia Price
Steve Anderrson
Starknet Price
Ritika Sharma
Avalanche
Adarsh Singh

Avalanche Price Could Be Poised For A Reversal, If Only…

spot_img