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- 1 AGIX price chart sbows a rising parallel channel.
- 2 Buyers have persisted in accumulation and are showing their domination.
AGIX price displayed a massive surge and has persisted in extending the gains inside the rising parallel channel for the past number of sessions. The technicals are highlighting strong performance as buyers hold the gains in the bullish trajectory. Furthermore, the price action shows the higher highs pattern amid buyer domination.
AGIX price surpassed the key moving averages over the past number of sessions and is in a strong uptrend. Moreover, the price action indicates the positive trend and impressive bullish outlook. Per the ongoing trend, AGIX crypto price has overtaken the hurdle and is ready to reach the swing high of $0.40000. However, AGIX price is trading near the 61.8% Fib level and is close to the upper Bollinger band.
The price of AGIX crypto was $0.3295 at press time, with an intraday drop of 7.22%, showing neutrality on the chart. Moreover, the trading volume increased by 14.84% to $79.29 Million. However, the pair of AGIX/BTC is at 0.00000780 BTC and the market cap is $370.92 Million. Analysts are bullish and suggest that buying momentum will continue and that AGIX crypto price will reach $0.40000 soon.
AGIX on Daily Chart Shows a Rising Parallel Channel
On the daily chart, AGIX crypto price continued to surge inside the rising parallel channel. Furthermore, the trend shows produced higher highs, indicating that the bulls are clearly consistent.
The Relative strength index (RSI) curve stayed above the midline near 60 showing a negative divergence, which could indicate a volatile outlook for the coming sessions. The MACD indicator shows a bearish crossover and a rejection from the $0.35000 mark.
Weekly Charts Displays Trend Reversal
On the weekly chart, AGIX price revamped from the demand zone and a trend reversal was witnessed on the chart. Moreover, the technicals are replicating the buyers accumulation and a sharp buying interest led AGIX crypto price above neutrality and is gaining steadily.
If the bulls succeed in escaping the prompt hurdle of $0.35000, buying momentum will continue and AGIX price will skyrocket and reach the blue sky zone above $0.40000 in the following sessions. Conversely, the immediate support zone exists near $0.320000.
Summary
AGIX price surpassed the crucial barrier of $0.33000 and is stretching the rally to catch the swing of $0.40000. Price action across time frames signals bullishness and the technicals confirm the signals.
Technical Levels
Support Levels: $0.31500 and $0.30000
Resistance Levels: $0.34900 and $0.35000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
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.
