Will SingularityNET Show Range Expansion?

AGIX price prediction says this token may show a short-term rise and bulls will try their best for range expansion. It seems to be stuck in a wide range of consolidation between $0.27580 to $0.36695. 

Buyers tried multiple times to break out of the higher range. However, due to the strong presence of sellers, the attempt failed and the price continued to trade inside the range. 

The short-term trend seems to be in an upward direction because the price is trading above the 50-day EMA. It acts as strong support and the presence of bulls is clearly visible. 

In the last two months, the SingularityNET price did not perform well and disappointed its investors. The chart pattern of this token does not show any clear signs of range expansion. Therefore, until the breakout happens, it’s risky to build fresh longs. 

AGIX crypto price needs the participation of crypto whales and genuine investors to push the price higher. 

Presently, the pair of AGIX/USDT is trading at $0.33852 with a one-day uptick of 1.09%. In the last 24 hours, the change in trading volume is positive by 20% and the volume to market cap stands at 0.0543.

Will AGIX Price Skip the Consolidation in January?

AGIX price prediction stays bullish for the short term till it holds the $0.25000 support level. However, the price will gain momentum when buyers can break the $0.36695 hurdle.

SingularityNET price action tells us that this token lacks direction. So, consolidation may continue for some more time. Therefore, the investors should look to buy this token near to lower range support for generating minor gains. 

The analysis suggests the bulls might win the battle inside consolidation but investors have to patiently wait for it. 

Will SingularityNET Price Hold the Gains?

SingularityNET price is mildly bullish for the short term and buyers are trying their best to hold the recent gains. The possibility of range expansion is high, but it may take time and investors need to wait for the confirmation of the breakout.

Moreover, the crypto leaders ETH and BTC crypto hitting new swing highs. So, it improves the overall market sentiment and may positively impact the price of AGIX and other altcoins.

Conclusion

AGIX price prediction favors the bulls and suggests a rise in the short term. The price will gain momentum when buyers are able to break the $0.36695 hurdle. At present, no signs of range expansion are visible. 

So, aggressive traders may take the risk and do scalping for minor gains. However, the conservative should avoid building any position until the breakout happens. 

Technical levels

• Resistance levels: $0.36695 and $0.44489
• Support levels: $0.25000 and $0.22339

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.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.