Will AGRS Crypto Break Above $2?

Tau Net is a decentralized blockchain network that is being developed with a governance mechanism that uses discussions and logic to create a dynamic system. Tau’s large-scale discussion platform can reportedly identify consensus points or disagreements between all users and execute or self-implement the network instructions. Agoras will use Tau’s technology to have an economy governed by its users. Agoras aims to enable markets for knowledge, computational resources, and derivatives.

Crypto AGRS is trading in bullish territory above major moving averages, showing bullish momentum. On the daily chart, the IDNI Agoras cryptocurrency is moving higher and is above the 50-day and 200-day EMAs.

The price action suggests that the cryptocurrency is poised for a significant uptrend with a potential price increase in the coming sessions. Buyers have demonstrated their strength in recent trading sessions. They also continued buying and accumulating more cryptocurrencies to extend the upward trend.

IDNI Agoras cryptocurrency highlights increased buyer activity in the market and has no intention of slowing down.

The structure of the chart shows that buyers are driving the trend and the cryptocurrency is gradually approaching the $2.00 mark, which it is likely to reach soon. Additionally, sellers have found themselves in a defensive position after breaking multiple resistance levels above $1 with significant gains over the last few trading sessions. Investors are showing strong intent to continue this upward trend.

Technical Analysis of IDNI Agoras Crypto Price in 1-D Time Frame

IDNI Agoras (USD: AGRS) is currently trading above its 50-day and 200-day simple moving averages (SMA), which supports its price momentum. 

The current RSI value is 81 points. The 14 SMA is above the center line at 69 points, highlighting the bullish nature of the IDNI Agoras cryptocurrency. 

The MACD line at 0.13651513 and the signal line at 0.13804424 are above the zero line. There is a bearish crossover in the MACD indicator, which highlights the weakness in the momentum.

Summary

Technical oscillators IDNI Agoras (USD: AGRS) are also supporting the bullish trend. MACD, RSI, and EMAs highlight positive signals, suggesting that the upward trend in the price of the AGRS cryptocurrency may continue. Price action suggests that investors and traders are optimistic on a daily basis. Price movements reflect an optimistic outlook.

Technical Levels

Support Levels: $0.6895420 and $0.44057063

Resistance Levels: $2.00 and $2.50

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.