SingularityNET

The post <a href="https://coinpedia.org/price-analysis/this-low-cap-altcoin-is-up-by-149-in-2024-analyst-says-stack-before-it-hits-1/">This Low Cap Altcoin Is up by 149% in 2024; Analyst Says ‘Stack’ Before It Hits $1</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In a recent video, Cheeky Crypto, a cryptocurrency analyst, opened up about the remarkable performance of SingularityNET (AGIX), indicating a major upward movement of 149% since the beginning of the year. With this bullish momentum, Cheeky Crypto expressed confidence that AGIX may continue its upward trend without showing signs of slowing down. He also speculated if $1 is on the cards for the altcoin. 
<a href="https://www.youtube.com/watch?v=4C4qF1x4bKc">Analyzing the AGIX token</a> paired with Tether (USDT) on the 4-hour C-curve chart, Cheeky Crypto pointed out a breakout from a key resistance level, suggesting a bullish trend. Despite a substantial retracement from the highs of 2023, which saw a decline of approximately 76%, AGIX experienced a noteworthy surge of 149% thereafter. 
Cheeky Crypto outlined a potential cup and handle formation in the chart, indicating a bullish continuation pattern. Although the handle retraced more than 50%, the breakout remained intact, signaling a potential target range around the 61.8% Fibonacci extension level. 
Further analysis revealed that AGIX was approaching a critical resistance zone between 55 and 66 cents, where previous rejections occurred. However, Cheeky Crypto anticipated a temporary pullback before a breakout above this resistance, leading to new all-time highs and&nbsp; returns for AGIX investors. 
Additionally, on the daily timeframe, Cheeky Crypto noted the possibility of an inverse head and shoulders pattern, suggesting further bullish momentum if AGIX manages to break into new all-time highs. 
While talking about the potential for retracement and consolidation, Cheeky Crypto pointed out the key support level between 35 and 37 cents, derived from previous price action. This area, once resistance turned support, could serve as a crucial zone for AGIX’s future price movements. 
The analyst expressed optimism about AGIX’s bullish outlook, expecting further upside potential despite possible short-term corrections. At the time of writing, the coin is down by more than six percent.

This Low Cap Altcoin Is up by 149% in 2024; Analyst Says ‘Stack’ Before It Hits $1

CoinPedia News

Các bài viết khác được xuất bản trên 20 thg 2, 2024

Celestia (TIA) Investors Eye Key Price Levels as Volatility Looms

Best Presale To Invest In: BlockDAG Presale Rapid Sellout Fades RETIK As Bitcoin Surges Beyond $50K

Hong Kong’s Failed AAX Exchange Transfers $56M in Ether

Walmart (WMT) Surpasses Expectations with Strong Quarterly Growth and Strategic Acquisitions

Centralized crypto exchanges are recovering strongly post-FTX crash

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!