SingularityNet (AGIXUSD) Price May Breakup the $0.60195 Supply Level
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SingularityNet (AGIXUSD) Price Forecast: February 10
The AGIXUSD pair is more likely to break up the $0.60195 supply level to resume its bullish runs if the bulls regroup and push higher. The mentioned resistance level and beyond might be the target.
Key Levels
Resistance Levels: $0.5000, $0.600, $0.7000
Support Levels: $0.2100, $0.2000, $0.1900
AGIX (USD) Long-term Trend: Bullish (Daily Chart)
The AGIXUSD pair is in a bullish trend zone in its long-term outlook. The bulls have been in control of the market for the past few days.
The bulls have sustained the crypto market at the $0.60195 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.
The crypto at the time of writing found support at the $0.40678 level above the two EMAs as the daily chart opens today. This is an indication of an uptrend.
Staying above the trend lines will make it capable for the coin to rise further. A trader who buys at this trend will also make a profit and could also buy at a lower price. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.
Thus, there is an indication of more positive moves ahead as the market now approaches the oversold region. It is expected of buyers to move the price of SingularityNet upward and turn the coin into a bullish market soon. $0.60195 in the supply area might be retested and this may likely extend the coin price to the $1.000 resistance level in the coming days in its long-term perspective.
AGIX (USD) Medium-term Trend: Bullish (4H Chart)
In the medium-term frame, the AGIXUSD pair is trading in the bullish market zone. The coin price may commence bullish movement soon if the support level at the the$0.44790 holds.
A further rise in the price of SingularityNet by buyers to a $0.48318 high level above the EMA-50 averages occurred today during the 4-hourly session after which the short traders came in and dropped the price down to a $0.44790 low level.
However, the crypto will gain more strength if the buy traders could add more aggression to their buying pressure in the market.
Hence, more upsides are likely as the market reaches the oversold region. This means that the selling pressure has ended, and we will now be looking at the emergence of more bullish forces in the market as the long traders take us up to a $1.000 psychological level at the upside in the coming days in its medium-term perspective.
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