SingularityNET (AGIX) Price Could Recover In The Coming Days, This Is A Potential Target
The price of SingularityNE (AGIX) has bounced back from a significant support level and formed short-term bullish signals. It may recover in the coming days.
Long-term support
The price of SingularityNE (AGIX) has been declining since reaching its all-time high at $0.666 on February 8th. This action brought the price to a crucial support zone at $0.175, which previously acted as horizontal resistance in the bearish market of 2022.
Subsequently, the price has recovered and is currently approaching the previous support level at $0.230. If the price surpasses this level, it could rise towards the significant resistance zone at $0.32.
The daily RSI indicator has formed a bullish divergence after recovering from oversold territory. This is a bullish signal that often leads to a trend reversal to the upside.
Therefore, there is a possibility that the AGIX price will break through the $0.230 resistance level and continue to rise.
Short-term outlook
The 4-hour chart shows that the price has broken above a consolidation range in the past few days. This is a bullish signal, suggesting the short-term trend has turned to the upside.
The 4-hour RSI indicator also supports this possibility by moving above the 50 level and trending upwards. The next target can be found at $0.27.
Conclusion
The most likely scenario suggests that the price will break above the $0.23 resistance level and continue to rise in the near future. Potential targets are identified at $0.27 and $0.32.
Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice.
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