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SingularityNET (AGIX) prices rallied after the rumor circulated in twitter that Elon Musk is developing ChatGPT competitor - 2
AGIX token price gained 25% on the weekly basis and formed a giant bullish candle - 3
AGIX token price hits all time high at $0.54750
SingularityNET (AGIX) token price is trading with bullish cues and bulls are trying to push the prices higher and higher to keep hitting new highs. Currently, AGIX/USDT is trading at $0.53246 with an intraday gains of 0.21% and the 24-hour volume to market cap ratio at 0.6267
Recently, a rumor circulated in the market that Elon Musk is reportedly forming a new AI research lab led by Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind AI and the lab’s primary focus will be to develop an alternative to ChatGPT
Tweet – https://twitter.com/rowancheung/status/1630375492086820867?s=20
AI craze has benefited AGIX token, More up move possible?
SingularityNET (AGIX) token price is in the uptrend and heading upward by forming fresh higher highs swings which shows that the long term investors are confident about the future outlook of Artificial Intelligence and expecting SingularityNET will turnout to be a outperformer in the AI marketplace.
Recently, AGIX token prices had shown a sharp up move 25% approx when a rumor circulated in the market that Elon Musk is developing a competitor of ChatGPT. However, it is not officially confirmed but the crypto market investors rushed to buy AGIX token which is directly connected to Artificial Intelligence.
On the other hand, the AGIX prices hit an all time high at $0.54750 which has also grabbed the attention of world wide crypto lovers and it seems like more up move is possible in coming months. However, if the overall market sentiment turned bearish then AGIX may also face resistance on the higher levels at $0.54793 and might consolidate for some time in the narrow range before deciding the further direction. Meanwhile, the prices are sustaining above both the important EMAs indicates that the trend is still in the bulls grip and prices have high probability of breaking out of the higher range.
The technical indicators of the AIGX token like MACD are on slow and steady rise indicating bullishness to continue for some more time and the RSI at 64 sloping upward also denotes the same direction. However, if prices face rejection from the higher levels then $0.44117 and $0.38034 will act as a strong demand zone for the bullish traders.
Summary
SingularityNET (AGIX) token price seems to be highly bullish and the buying volume is also keep on increasing shows that the genuine buyers are accumulating the lower levels and expecting out performance in the coming months.
Technical levels
Resistance levels : $0.54793 and $0.60090
Support levels : $0.44117 and $0.38034
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/03/01/singularitynet-price-surged-25after-rumor-of-chatgpt-competitor/