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<p>The post <a href="https://coinpedia.org/price-analysis/daily-market-analysis-btc-eth-akt-fet-agix/">Daily Market Analysis: BTC, ETH, AKT, FET, AGIX.&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bulls take back control of today’s crypto market, with a growth of 0.12 % in the last 24 hours. The global crypto market stands at $2.26 trillion with BTC still under $62K with 52% market dominance.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-btc-analysis-rebound-from-the-support-line-is-possible-nbsp">Bitcoin (BTC) Analysis: Rebound from the Support line is possible.&nbsp;</h2> 
<p>Being on the gainer’s list today <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> price retested the $62000 mark. The analysis shows how bitcoin previously broke downward of the falling wedge pattern and found support at $59,236. BTC price today has shown a brave recovery in this turbulence and is trading above the long strong support zone of $60K.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfwkeIj_cZp99zv4JYb9I6eya7-2zjbvIuiUeF3Cy2qDMKNBOyN1t67VAR74wZ7jBzbleotmtA9KZXtGIKut54aUkuO3XBWjdKKFqOeQnki_iVru9ftHJ8OZe7-IGyHf6Ezumc_SIYF8VajUnyx5iZOkSk?key=WW08hgaOvYVLnRZMVDTvxA" alt="">
</figure> 
<p>The RSI is neutral with a downward direction, creating room for more consolidation without being oversold. BTC rebounded even after breaching the support zone, and now trading above the zone. This suggests a trend reversal as the accumulation can start anytime to rebound to $65,500.&nbsp;</p> 
<p>BTC Currently trading at $61,344&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-eth-analysis-bears-still-awake">Ethereum (ETH) Analysis: Bears Still Awake</h2> 
<p>Ethereum price today is on the gainer’s list, but the trend remains bearish for the altcoin. The chart reveals <a href="https://markets.coinpedia.org/ethereum/">ETH</a> price in line with the middle line of the Bollinger bands which indicates more consolidations in place. With Bollinger bands not so wide, they also indicate a low volatility.&nbsp;</p> 
<p>RSI at 43 is in a neutral zone with no overbought or oversold condition, but there is still room to accommodate the consolidation phase. A Strong reversal above $3500 is required to hold the trend, else the price may correct for a few more sessions.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfhsNAlgJZtDruw9XpOfE8gs1l8ex26OHCNZGfvn52e5lpcRE8NR0tJ51byaUfM8uI_LlpYoHuErUmbcU70Bs8KGZb56NLhMFVZ4ZoK2fk2cZpPegGiYVsEMG0QRwH-J9ilNWaxXKh4wDUL886dYevxw8hr?key=WW08hgaOvYVLnRZMVDTvxA" alt="">
</figure> 
<p>Ethereum ETH Currently Trading $3,385&nbsp;</p> 
<h2 class="wp-block-heading" id="h-fetch-ai-fet-analysis-a-bullish-trend-expected"><strong>Fetch ai (FET) Analysis: A Bullish trend Expected</strong></h2> 
<p>Fetch ai (FET) makes its place in the top gainers today with 24 24-hour spikes of 4.30%, but the volume is done to 20%. As Seen in the chart the Alligator Indicator shows an alligator opening mouth pattern, with a green line on top, then red, and then blue. This formation is a clear indication of the continuous bullish trend.&nbsp;</p> 
<p>The MFI Indicator at 70 is hanging near the overbought territory, a potential pullback after a few more green candles can be seen, Or this can also be a consolidation phase before the upward movement.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe15_UoMsuwG6EGew-3tqQqot-qDxjKq3M2-YVeOv9D68gxV7KqfSS5f7JH4JkwRnvf7R93Arx_bQH8RrkwlXDM_lgUWubKRxlsEnwbQqn5lo_HLlAZ_gGZThwIj0DQ7VtoDIF8WumHV5RPUbNmvQejU7L6?key=WW08hgaOvYVLnRZMVDTvxA" alt="">
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<p>Fetch Currently trading at $1.73</p> 
<h2 class="wp-block-heading" id="h-akash-network-akt-price-analysis-bullish-but-weak">Akash Network (AKT) Price Analysis:&nbsp; Bullish, But Weak</h2> 
<p>Akash Network (AKT) is among the top gainers too with a 24-hour change of 4.27% and a 100% rise in volume. In the Chart analysis, the applied indicator Ichimoku Cloud represents price trading inside the cloud near to above the cloud, this represents a continuation of an upward trend.&nbsp;</p> 
<p><a href="https://markets.coinpedia.org/akash-network/">AKT</a> RSI is at 59 holds room for price more accumulation without entering the overbought zone.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXedLOzeyIuvlL1JhHd7OSrpv8demDlu9jWUt5n38gRqLh6s6mddaWViby37kEbPjCYh151hK1dDKSHkwP9xrNjM_9xuUyFk594QfQPKU-0wPM9zdT903DYeKi0KqPRJHwyirmwINY14wZwxQZ5SrHpxtV_X?key=WW08hgaOvYVLnRZMVDTvxA" alt="">
</figure> 
<h2 class="wp-block-heading" id="h-singularitynet-agix-analysis-nbsp">SingularityNET (AGIX) Analysis&nbsp;</h2> 
<p>SingularityNET (AGIX) this week has shown resilience by rejecting downward momentum at $0.466 and rising upward with a weekly high of 29% and 3.5% in 24 hours. Currently Tradinf at $0.716 the AGIX/USDT Chart shows how the Trens line breakout is done. This indicates a bullish trend.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXczV23r1kV_RLsc6QsLeJij-SJbmi0JSRyin_XPYdLrGbQvxG2w5RzxrNxIpJvnlk0FKyr_Xho0DzS_-WLobW9_kLXQaYzyX1Ypa5IqE5a8WoJ4rhBzZVIuVfzgxpdcJFo19BSTR3K8Umh_eXdTOlr7TItn?key=WW08hgaOvYVLnRZMVDTvxA" alt="">
</figure> 
<p>However, the decreasing volume oscillator raises concerns about the trend continuation, as it registers an increased selling pressure. If the pressure reduces the price will pump above $0.9 soon.&nbsp;</p>

Daily Market Analysis: BTC, ETH, AKT, FET, AGIX.

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