Sam_TCR

price is now rising sharply from the created support level

Long
CRYPTO:AGIXUSD   SingularityNET
At press time, the FET price has traded at $1.580, and has ranked 61th in terms of market cap. With its CMP the market cap stands near $1.384 Billion. Meanwhile, AGIX holds 81st rank in terms of market cap, with its CMP at $0.6995, which makes its market cap around $846.35 Million.
Fetch.ai (FET) Forecast!

According to the FET daily chart, after registering a peak at the $3.50 price mark by March 28th, 2024, the price fell -69% in almost three months, and formed support at $1.085 by June 18th.

Now the price is spiking from the formed support, and it is approaching 200-day and 50-day EMA from support, and if bulls continue to surge, the price could surpass dynamic resistance and could attempt to recover lost price territories.

The mACd shows a bullish cross, and the RSI has jumped from 14-SMA and approaching the median line.

Therefore, in that case, the resistance would be $2.20 and $2.75. However, if it fails to decline below $1.40, the price could hit $1.00 price mark.

SingularityNET (AGIX) forecast!

Based on the AGIX daily chart, the price of $1.45 reached its peak on March 28th, 2024, before dropping by -68% over the next three months and establishing a support level at $0.460 by June 18th.

The price is now rising sharply from the created support level, nearing the 200-day and 50-day EMA from support. If bull market momentum continues, the price might exceed dynamic resistance and aim to reclaim previous price levels.

The MACD Shows A bullish cross formation due to a recent rise in the price; its histogram is growing and is at 0.00012. Meanwhile, the RSI is at 41.70, has taken a U-turn from the extreme oversold, and has aimed towards the Overbought zone; once it passes the 50 median line, the momentum could spike as well.

So, under those circumstances, the resistance would range between $0.95 and $1.15. Nevertheless, if it does not drop below $0.60, the price might reach the $0.35 mark.
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