Rally

Solana

Token

David Vance

Momentum

<p>Earlier this week, <a href="https://twitter.com/DavidOnCrypto_/status/1763431060191297666?t=voYrijb8RLnENyWrq8KZrQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst David (@DavidOnCrypto_) </a>pointed out a key technical breakout for SingularityNet’s AGIX token. As David highlighted, AGIX was able to break decisively above the $0.67 level that had previously acted as stiff resistance:</p>
<p>“$AGIX Weekly Broke out above the $0.67 double top, which it rejected from back in Feb Of 2023, retest and boom the catch-up continues. $1 this week?”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="583" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-1024x583.png" alt="" class="wp-image-446002" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-1024x583.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-300x171.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-768x437.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-1536x874.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-2048x1166.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-263x150.png 263w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-615x350.png 615w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9-788x448.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-9.png 1948w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This breakout was significant because that $0.67 zone had rejected the price on two separate occasions in February. Since David’s callout, AGIX has continued climbing to around $0.80 at the time of this writing. However, indicators are flashing signs of overextension.</p>
<p>Overbought Condition<br>In particular, AGIX’s weekly relative strength index (RSI) has now surged to 86. This signals extremely overbought conditions that often precede pullbacks or consolidations.</p>
<p>So while bulls have momentum on their side for now, traders will be keeping an eye on whether the RSI levels off to avoid a sentiment mean-reversion. If AGIX can hold support during any cooldown period, it could validate the breakout and keep $1 in sight as a next upside target.</p>
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<p>The post <a href="https://captainaltcoin.com/singularitynets-agix-breaks-crucial-resistance-bulls-now-eye-this-price-as-the-next-upside-target/" rel="noopener noreferrer nofollow">SingularityNET’s AGIX Breaks Crucial Resistance; Bulls Now Eye This Price as the Next Upside Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SingularityNET’s AGIX Breaks Crucial Resistance; Bulls Now Eye This Price as the Next Upside Target

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