AGIX’s Worth Surged Extra Than 15%, Will It Rise Larger?

• The value of AGIX rose greater than 15% during the last 24 hours in response to CoinMarketCap.
• Technical indicators on the altcoin’s 4-hour chart advised that AGIX’s value might proceed to rise.
• Merchants and buyers will wish to watch the $0.29845 stage for the subsequent 24 hours.

SingularityNET (AGIX) noticed its value surge over the previous 24 hours in response to the crypto market monitoring web site, CoinMarketCap. At press time, the altcoin’s value stood at $0.3107 following a 15+% value enhance within the final day.

The crypto additionally outperformed the 2 crypto market leaders Bitcoin (BTC) and Ethereum (ETH). In consequence, AGIX was up 15.26% in opposition to BTC and 14.84% in opposition to ETH. 

This optimistic value motion was the product of the current spike within the altcoin’s buying and selling quantity up to now 24 hours. CoinMarketCap indicated that AGIX’s every day buying and selling quantity stood at $171,766,216, which was a 436.12% enhance within the earlier 24 hours.

From a technical perspective, AGIX’s value was in a position to flip the $0.27109 resistance into help yesterday morning. Within the 12 hours that adopted, the altcoin was in a position to do the identical with the subsequent key resistance stage at $0.29845 – a stage it continued to commerce above at press time.

Technical indicators advised that AGIX’s value would proceed to climb within the following 24 hours. The RSI line on the 4-hour chart was buying and selling above the RSI SMA line. As well as, the 9 EMA line was buying and selling effectively above the 20 EMA line.

Merchants ought to, nonetheless, pay attention to the truth that the RSI was in overbought territory, which can be an early indication of a correction within the subsequent 48 hours. This potential value pullback might end in AGIX’s value dropping to the recently-flipped $0.29845 stage. If this stage fails to carry, the subsequent goal would be the $0.27109 mark.

However, AGIX closing in the present day’s buying and selling session above $0.29845 would invalidate this bearish thesis. Ought to this occur, it might make a transfer to the subsequent resistance stage at $0.32890 within the subsequent 24 hours. 

Disclaimer: The views and opinions, in addition to all the data shared on this value evaluation, are revealed in good religion. Readers should do their very own analysis and due diligence. Any motion taken by the reader is strictly at their very own threat. Coin Version and its associates is not going to be held chargeable for any direct or oblique harm or loss.