AGIX Worth Breaks From A Bullish Flag As Bulls Eye 45% Positive factors To $0.70

After months of consolidation beneath $0.2, the runway was over for the AGIX token by the top of January, hovering nearly 300% between February 1 and seven. Bears took over initially of the second week of the month and spent the subsequent few days shedding a number of the good points the AI crypto coin had made. Nonetheless, bulls weren’t going to take this mendacity down and launched retaliation on February 14, elevating AGIX value 42% to an intraday excessive of $0.5 right this moment, February 16.

On the time of this writing, AGIX value was buying and selling at $0.48 after gaining nearly 7% on the final day. Its reside market cap was up 6.65% to $568.96 million, though the 24-hour buying and selling quantity had misplaced 1.64%, the bulls have been nonetheless optimistic and have been planning a forty five% run to the $0.7 stage.

Elon Musk Clamors AGIX On Valentine’s Day

After bears swamped the AGIX market on February 8, the worth dipped to a low of $0.335 on February 13 earlier than bouncing again as Twitter CEO Elon Musk known as the eye of traders to the AI crypto coin on Valentine’s Day.

Are you singularity? Don’t be lonely, discover a date! https://t.co/s4Cq4emlST

— Elon Musk (@elonmusk) February 15, 2023

From the publish, it seems know-how billionaire Elon Musk has taken a liking to the AGIX token or is amongst business members which have embraced synthetic intelligence as the primary theme of the yr, commenting, “Are you Singularity? Don’t be lonely; discover a date!”

Musk’s feedback got here on the identical day the SingularityNET ecosystem went reside with its tokenomics launch, publishing the distribution of the AGIX token.

Thrilling information, $AGIX neighborhood!

Our tokenomic launch is now reside! Get the main points on the distribution of $AGIX tokens

– comply with @Sol_Agix_AI
– Like, Retweet & tag 3 buddies
– drop your solana tackle in remark

Extra information & token tackle quickly#Solana #Airdrop #Giveaway pic.twitter.com/IZSOhI5eRm

— $AGIX.AI (@Sol_Agix_AI) February 14, 2023

AGIX is the native token for the SingularityNET ecosystem, alongside SDAO, the ticker token for SingularityDAO, a portfolio administration that simplifies the method of managing cryptocurrency belongings. The Cardano-based community has developed a market for AI options, delivering purposes resembling Rejuve, Nunet, Awakening Well being, and Jam Galaxy, amongst others.

Accordingly, because the idea of synthetic intelligence continues to be the primary theme of the yr, AGIX value is en path to additional good points, with traders nonetheless betting that the ecosystem will proceed rising in tandem with AI going mainstream.

Nonetheless, with such an excellent rally, it’s straightforward to wonder if traders are leaping the gun. This has been seen earlier than, in 2021, when metaverse tokens resembling The Sandbox (SAND) and Decentraland (MANA) costs soared on the wings of social media large Fb altering its title to Meta Platforms. Because it occurred, now the 2 metaverse tokens are each shadows of their former selves.

AGIX Rebounds After Crashing To $0.335

AGIX value has rebounded from Monday’s low of $0.335 and has climbed greater than 40% during the last three days to flee from a bullish flag, as represented within the each day chart beneath. On the time of writing, the AI crypto coin was buying and selling at $0.48 as bulls confronted the quick resistance at $0.5. A each day candlestick shut above this stage would set the tone for the AGIX token to extend in worth.

A rise in shopping for strain from the present stage might open the best way for the token value to climb larger and battle the $0.577 stage, which coincides with the highest of the flag’s publish. Such a transfer would signify a 208.97% ascent from the present value stage.

AGIX/USD Day by day Chart

In extremely formidable instances, bulls might improve the worth to the $0.7027 stage, signifying a forty five.16% ascension from the present stage.

The bullish outlook for AGIX value was substantiated by the Easy Transferring Averages (SMAs), which have been dealing with northward to bolster the potential for an upward rally. Moreover authenticating the upward thesis, the SMAs additionally offered sturdy help downward on the $0.2137, $0.1294, and $0.0896 ranges.

These, along with the higher and decrease boundaries of the flag at $0.4 and $0.325, solidified the optimistic case for AGIX value, as they have been potential respiration zones on the off probability that bulls wanted to re-strategize.

Furthermore, the Relative Power Index (RSI) was shifting upward towards the overbought area, with its value power at 64, suggesting that the consumers have been main the market. Additionally, discover the place of the Transferring Common Convergence Divergence (MACD), excessive up within the constructive zone above the imply line, to indicate the bulls have been means forward of the bears within the AGIX market.

On the draw back, the narrative could possibly be fully completely different if purchaser momentum wears down, as bears are at all times able to pounce and assault. The case would even be completely different if consumers determined the current rally was the opportune time to ebook earnings. In such a case, AGIX value might flip down from the present charges, falling again to spend a number of days inside the flag.

Nonetheless, as soon as the worth drops beneath the decrease line of the flag sample at $0.325, the AI coin might descend to hover across the demand zone between $0.3 and the foot of the flag publish at 0.1866, the place the 50-day SMA is waving.

In excessive instances, the worth might squat additional beneath the $0.1866 stage to spend a while round the place the 100-day and 200-day SMAs sit earlier than revisiting the $0.053 help stage, the place it spent weeks consolidating.

AGIX Alternate options

Whereas traders proceed to trip on the hype round AI crypto cash like AGIX, contemplate FGHT and MEMAG, the native tokens of the Struggle Out and Meta Masters Guild Ecosystems, respectively.

Struggle Out is a move-to-earn (M2E) mission, whereas Meta Masters Guild is a Web3 cell gaming platform. The 2 tasks have two issues in widespread. First, they each wish to develop video games and ecosystems which might be viable and sustainable over the long run. Secondly, their native tokens are nonetheless within the presale stage.

Within the presale stage, FGHT has already raised over $4.2 million with solely eight days left till the worth improve, whereas MEMAG has raised upwards of $4.6 million and has someday left to the ultimate stage.

Business analysts are additionally predicting that the 2 tokens will do very properly upon their itemizing on exchanges. Turn out to be an early investor right this moment so that you don’t miss out on early entry advantages.

Learn Extra:

Meta Masters Guild – Play and Earn Crypto

• Modern P2E NFT Video games Library Launching in 2023
• Free to Play – No Barrier to Entry
• Placing the Enjoyable Again Into Blockchain Video games
• Rewards, Staking, In-Recreation NFTs
• Actual-World Neighborhood of Avid gamers & Merchants
• Spherical One in all Token Sale Dwell Now – memag.io