Rally

SingularityNET

Momentum

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>SingularityNET (AGIX) price might replicate a range breakout soon.</a></li>
 <li><span>2</span> <a>Technical indicators are suggesting a possible up move ahead.</a></li>
</ul>
<p>The <strong>AGIX token</strong> signifies range bound moves and has decisively sustained gains above the 100 day EMA mark. For weeks, indecisiveness between the buyers and sellers was noted.</p>
<p>Meanwhile, the token has made a <strong>double bottom pattern</strong> and has sustained momentum above the 100 day EMA mark. Amidst the market down move, the token has held on to its gains.</p>
<p>After a <strong>monthly consolidation</strong>, a strong range breakout is anticipated in the upcoming sessions. A break and close above the $1 mark would trigger the buying momentum ahead.</p>
<p>At press time, <strong>AGIX </strong>traded at $0.9564 with an intraday drop of 2.10%, reflecting neutrality on the charts. It has a monthly return ratio of 14.20% and 214.29% yearly.</p>
<p>The pair of AGIX/BTC is at 0.0000142 BTC, and the market cap is $1.23 Billion. Analysts are neutral and suggest that the <strong>AGIX price</strong> may register a range breakout and might cross the $1 mark soon.</p>
<h2 class="wp-block-heading" id="strong-buyers-or-sellers-who-reigns-supreme-ahead-strong"><strong>Buyers Or Sellers: Who Reigns Supreme Ahead?</strong></h2>
<p>For weeks, the<strong> mighty bull army</strong> has held on to the gains and is eyeing for a sharp surge. Meanwhile, the token has gained momentum slowly &amp; steadily and decisively sustained above key moving averages.</p>
<p>If the <strong>bullish wave</strong> continues, the token might reach the 52-week high trajectory near $1.50. Conversely, if any selloff happens, the lower neckline support zone of $0.7000 mark.</p> <iframe loading="lazy" title="Santiment Chart: Price (AGIX), Volume (AGIX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=singularitynet&amp;pt=AGIX&amp;df=2023-11-19T18%3A29%3A59.840Z&amp;dt=2024-05-19T18%3A29%3A59.840Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Going forward, the buyers have an <strong>edge </strong>and significant increase in trading volume was witnessed. The intraday trading volume jumped over 13.20% to $65.24 Million in the last 24 hrs.</p>
<p>Meanwhile, the Momentum Indicator (<strong>Relative Strength Index)</strong> curve reached the midline trajectory and highlights the <strong>positive divergence.</strong></p>
<h3 class="wp-block-heading" id="strong-can-agix-token-escape-out-of-the-box-strong"><strong>Can AGIX Token Escape Out of the Box?</strong></h3>
<p>In a recent tweet, prominent analyst <strong>@EliZ</strong> shared the belief that <strong><a href="https://www.thecoinrepublic.com/2023/04/11/agix-price-prediction-whats-the-next-level-the-token-is-eyeing/" target="_blank" rel="noopener noreferrer nofollow">AGIX token</a></strong> might play a <strong>breakout </strong>soon and will outperform in the coming sessions.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">keep an eye on <a href="https://twitter.com/search?q=%24AGIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AGIX</a> possible breakout in play if he turns the box upside down <a href="https://t.co/Lo9pgrKNEV" rel="noopener noreferrer nofollow">pic.twitter.com/Lo9pgrKNEV</a></p>— EliZ (@eliz883) <a href="https://twitter.com/eliz883/status/1791504297575760043?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center"><strong>Source: X</strong></p>
<h3 class="wp-block-heading" id="strong-what-does-the-development-activity-highlight-strong"><strong>What Does the Development Activity Highlight?</strong></h3>
<p>For weeks, the token displayed a consistent up move in the <strong>development activity</strong> and suggesting that investors were speculating. Meanwhile, the token has yet to cross the $1 mark, while the bear army has strengthened their grip.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (AGIX), Daily Active Addresses (AGIX)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=singularitynet&amp;pt=AGIX&amp;df=2023-11-19T18%3A29%3A59.840Z&amp;dt=2024-05-19T18%3A29%3A59.840Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bdaily_active_addresses&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FFAD4D&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%224d%22%7D%3B%7B%22interval%22%3A%227d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Meanwhile, the active addresses data showed a drop of over 11.20%, noted at 559 this week.</p>
<h3 class="wp-block-heading" id="strong-futures-data-outlook-strong"><strong>Futures Data Outlook</strong></h3>
<p>Per the CoinGlass data, the derivative data showcased <strong>short covering data </strong>and resembles the fear among the bear cartel regarding the upcoming breakout.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="241" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-1024x241.png" alt="" class="wp-image-206102" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-1024x241.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-768x180.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-750x176.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234-1140x268.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-234.png 1439w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<p>The Open interest data dropped over 5.25% to $59.99 Million in the last 24 hrs. Ranked at 73 per the market capitalization, the <strong>AGIX token</strong> has a total supply value of 1.40 Billion.</p>
<p>The immediate support levels for the <strong>SingularityNET token token</strong> is $0.9230 and $0.9000, whereas the key upside hurdle is around $1.10, followed by $1.30.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <strong>SingularityNET token (AGIX) price </strong>was hovering in a range and might trigger a sharp rally soon. Meanwhile, confirmation awaited yet and uncertain price action was witnessed.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

AGIX Price Stays In Range: Rally Imminent Above $1 Mark?

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Thecoinrepublic.com

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