Convergence

Ocean Protocol

Token

Divergence

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bithumb-delists-agix-token" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bithumb Delists AGIX Token</a><br></p>
<p style="text-align: justify">Bithumb, one of South Korea’s top cryptocurrency exchanges, has announced the delisting of SingularityNET’s AGIX <a href="https://en.bitcoinhaber.net/pepe-coin-climbs-the-crypto-charts-in-turkey" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>. This decision comes on the heels of a recent merger involving AGIX, Ocean Protocol (OCEAN), and Fetch.<a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">ai</a> (FET) into a new entity called Artificial Superintelligence Token (ASI). The cryptocurrency market has already been experiencing substantial losses, with a drop of over $500 billion, making this delisting a significant blow to AGIX and its stakeholders.</p>
<h2 id="what-prompted-bithumb-s-decision">What Prompted Bithumb’s Decision?</h2>
<p style="text-align: justify">Bithumb’s move to remove AGIX stems from the altcoin’s recent merge with FET and OCEAN. The transition rates have been set, with 1 AGIX converting to 0.433350 ASI, 1 OCEAN to 0.433226 ASI, and 1 FET to 1 ASI. The delisting is part of a broader withdrawal of support from major exchanges, complicating the merger process that began on July 1 and is expected to continue through August.</p>
<h2 id="why-is-agix-s-price-falling">Why Is AGIX’s Price Falling?</h2>
<p style="text-align: justify">AGIX has been struggling, falling out of a descending triangle formation and currently trading at $0.5. Technical analysis reveals a bearish outlook, with key indicators like the 50-day and 200-day Exponential Moving Averages (EMA) standing above the current price. A “death cross,” where the 50-day EMA dips below the 200-day EMA, suggests a prolonged bearish phase. Support levels are identified at $0.5 and in the $0.25-$0.30 range, with resistance at $0.6, $0.688, and $0.698.</p>
<h2 id="concrete-inferences-for-investors">Concrete Inferences for Investors</h2>
<p style="text-align: justify">Investors should consider the following actions in light of recent events:</p>
<ul>
 <li>Re-evaluate holdings in AGIX due to its ongoing bearish trend.</li>
 <li>Monitor technical indicators like EMA and RSI for signs of potential recovery.</li>
 <li>Stay updated on further announcements from major exchanges regarding AGIX.</li>
 <li>Consider diversification to mitigate risks associated with specific tokens.</li>
</ul>
<p style="text-align: justify">The Relative Strength Index (RSI) of AGIX is currently at 40.54, slightly above the oversold territory, indicating a minor relief rally but overall weakness. Additionally, the Moving Average Convergence Divergence (MACD) remains below the signal line and in the negative zone, reinforcing the bearish sentiment.</p>
<p style="text-align: justify">In summary, the delisting of AGIX by Bithumb and the prevailing bearish technical indicators suggest a challenging period ahead for the token and its <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. Keeping an eye on market trends and technical analyses will be crucial for navigating this turbulent phase.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bithumb-delists-agix-token" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bithumb Delists AGIX Token</a></h5>

Bithumb Delists AGIX Token

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