AGIX May Flip Another Key Resistance Level in the Next 24 Hours

SingularityNET (AGIX) made its way onto CoinMarketCap’s trending list after it experienced a price increase of more than 15% over the past 24 hours. This led to the crypto changing hands at $0.3116 at press time.

This positive performance by the altcoin had enabled it to strengthen against both Bitcoin (BTC) and Ethereum (ETH) by about 14.58% and 14.64% respectively. Additionally, the price surge had flipped the crypto’s weekly performance back into the green, which stood at +3.83% as a result.

However, AGIX was still down by over 7% during the past month. During the course of the previous day, AGIX’s 24-hour trading volume experienced a 31% decrease, leaving it at around $124,516,057. Meanwhile, its market cap of $379,444,634 meant that AGIX was ranked as the 92nd biggest crypto in terms of market capitalization.

Daily chart for AGIX/USDT (Source: TradingView)

AGIX’s price was looking to challenge the next key resistance level at $0.32394 at press time, after it had successfully flipped the previous resistance at $0.27128 into support and had crossed above the 9-day and 20-day EMA lines.

Technical indicators suggested that AGIX’s price would successfully break above the aforementioned $0.32394 mark within the next 24-48 hours. The 9-day EMA line was on the cusp of crossing bullishly above the 20-day EMA line. In addition to this, the daily RSI line was sloped positively towards the overbought territory and positioned above the RSI SMA line.

These technical indicators suggested that AGIX’s price was about to enter into a short-term bullish cycle. Should AGIX’s price successfully break above $0.32394, it will have a clear path to climb to the next resistance level at $0.41711. On the other hand, a drop back below the support level at $0.27128 will result in the altcoin’s price plummeting to $0.22672.

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