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<p>Cryptocurrency analyst <a href="https://www.tradingview.com/chart/AGIXBTC/t8neAgny-AGIX-Strong-Classic-Bullish-Signals-158-280-Potential/" target="_blank" rel="noopener noreferrer nofollow">Alan Santana</a> has shared a compelling technical analysis of the AGIX/BTC trading pair, focusing on the 3-day timeframe. The analysis reveals a series of classic bullish signals that could indicate the start of a 280% movement for SingularityNET’s AGIX token against Bitcoin.</p>
<h2 class="wp-block-heading" id="key-agix-technical-indicators">Key AGIX Technical Indicators</h2>
<h3 class="wp-block-heading" id="hammer-candlestick-pattern">Hammer Candlestick Pattern</h3>
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<p>On June 17, the AGIX/BTC pair formed a perfect hammer candlestick pattern. This formation is particularly noteworthy for several reasons:</p>
<ol>
 <li>The hammer appeared after a steep price decline.</li>
 <li>It was followed by two green (bullish) closing sessions.</li>
 <li>All textbook requirements for a hammer pattern were met.</li>
</ol>
<p>Santana emphasizes that this hammer pattern represents a higher low compared to October 2023, adding weight to its bullish implications.</p>
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<p>A crucial observation in Santana’s analysis is the lack of major volume during the hammer formation. This absence of volume suggests:</p>
<ol>
 <li>No substantial selling pressure</li>
 <li>Limited resistance to potential upward movement</li>
</ol>
<h3 class="wp-block-heading" id="long-term-trend-analysis">Long-Term Trend Analysis</h3>
<p>Santana contextualizes the recent price action within a broader market perspective:</p>
<ol>
 <li>The bullish move in early 2024 is considered the initial breakout.</li>
 <li>This breakout potentially signaled the end of a long-term consolidation phase.</li>
 <li>The current price action, including the hammer pattern, may indicate the beginning of the next bullish wave.</li>
</ol>
<p>Alan Santana’s technical analysis presents a compelling case for a bullish outlook on the AGIX/BTC pair. The combination of a textbook hammer pattern, favorable volume dynamics, and the broader market context suggests that AGIX could be poised for major gains in the coming days.</p>
<p>AGIX is trading at $0.7389, with an 8.7% surge in price over the last 24 hours. Even though the whole crypto market has not recovered fully, <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> tokens have been recovering greatly.</p>
<p><strong><em>Read also:&nbsp;</em></strong><a href="https://captainaltcoin.com/ripples-xrp-will-surpass-ethereum-here-are-3-reasons-according-to-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ripple’s XRP Will Surpass Ethereum – Here Are 3 Reasons According to Crypto Analyst</em></strong></a></p>
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<p>The post <a href="https://captainaltcoin.com/singularitynet-agix-shows-bullish-signals-analyst-predicts-potential-280-surge/" rel="noopener noreferrer nofollow">SingularityNET (AGIX) Shows Bullish Signals: Analyst Predicts Potential 280% Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SingularityNET (AGIX) Shows Bullish Signals: Analyst Predicts Potential 280% Surge

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