Cryptocurrencies

SingularityNET Price Prediction: AGIX Coin Risks A 17% Drop

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Written By: Abdullah Sarwar

Nov 23, 2023, 21:15 GMT 21:15

Summary:

AGIX Outlook: SingularityNET price has once again fallen back within the $0.17-$0.28. Bulls are attempting to break above $0.28.

Due to a strong surge in the AGIX price, there has been a massive increase in its trading volume since last week. However, the bulls appear to be losing momentum after a failed breakout from the range highs.

AGIX crypto is the native asset of the decentralized AI marketplace known as SingularityNET. Due to its AI traits, the price of the Altcoin exploded at the start of this year as artificial intelligence became a major narrative.

However, after soaring 1360%, the price reversed from the $0.667 level. This move resulted in the formation of the bearish double top pattern which paved the way for the bears to regain control. Since then, the price has tanked 57%.

An analysis of the daily chart shows that the SingularityNET (AGIX) price has once again fallen back within the $0.17-$0.28 trading range after briefly trading above the range highs.

Currently, the bulls are orchestrating another attempt to break out above $0.28. This retest is going to be very critical for the price.

This post was last modified on Nov 23, 2023, 21:15 GMT 21:15

Written By: Abdullah Sarwar

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.