- AGIX’s price is currently trading at $0.3930, a decrease of 2.29% in a day.
- The 24-hour high price is $0.4188 and the 24 hour-low price is $0.3686.
- 24-hour trading volume has increased by 73.88%.
SigularityNET was moving in a bearish momentum, consolidating and then breaking the zone downward. The chart below shows price breaking multiple levels, retesting and coming straight down. On March 12, the price started its bullish rally by forming support at the $0.3000 and made a high at $0.59000 after which its price declined by nearly 38%.
The market capitalization has increased as the price starts to gain bullish momentum in smaller time frames. The current price action of AGIX indicates that the price is retesting the previous zone to fall downwards. The growing popularity of AI-based platforms gave rise to the price. Microsoft announced a $10 billion investment in the ChatGPT since then many institutional traders have begun to support the AI-based platforms.
AGIX/USDT Technical Analysis
The RSI curve is currently at 45.48 and the median line acts as a resistance for the curve. Price is currently in a downtrend and the RSI curve is headed towards the oversold zone. On the 4-hour chart, the RSI curve crossed the halfway mark as the price gained bullish momentum. The RSI has started to dip. The RSI curve on 4 hours reached the oversold zone and initiated a pullback. The RSI curve is currently above the median line.
The price has reached the lower portion of Bollinger bands on a daily chart and is trying to gain bullish momentum. AGIX’s price needs to break previous candle’s wick to again enter the previous consolidation zone and indicate a shift of trend.
On a 4-hourly basis, the price has reached the upper levels of bollinger bands and has started to retrace. The +DI recently crossed the -DI positively as the previous candle remained green. The ADX Is currently at 8.96 indicating weak trend strength. While on the 4-hour, the +DI is above the -DI, with an ADX of 38.33 as the price showed bullish behavior in the 4-hour time frame.
AGIX Price prediction for 2024:
AI has now become a $327.08 billion industry and the AI-based services are now gaining popularity suggesting further growth in upcoming years. There is a positive sentiment around AI and blockchain technology which would positively impact the AGIX price in the upcoming years.
Investors could expect the AGIX to reach support and begin its bullish run for breaking the highs of $0.5900. Investors can target $1 level as the AI is further rise in the upcoming years which would indicate growth in AGIX price.
Conclusion:
AGIX price is currently in a downtrend showing a zone-to-zone breakout. The market structure and price action is overall bearish on the higher time frame while the smaller time frame shows a bullish retracement. AGIX price needs to break below $0.36702 to fuel up bearish momentum and target for support level of $0.31000
Technical levels:
Major support: $0.31000 and $0.37500
Major resistance: $0.44000 and
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 his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/04/11/agix-price-prediction-whats-the-next-level-the-token-is-eyeing/