🟢📊 SingularityNET (AGIX) Technical Analysis 🟢
The chart shows the rate of SingularityNET (AGIX) against USDT on the Binance platform. Let's look at the key aspects:
Trading Range 📉:
The asset is trading in a wide range between the levels of 0.4667 and 1.464.
The current support level is in the range of 0.4667 - 0.6005, indicated by the purple area on the chart.
Indicator 🛠:
Moving averages (MA):
MA (25) at 0.7660
MA (99) at 0.9418
SAR (Stop and Reverse): 0.4667, which shows a downward trend.
Ichimoku:
The current cloud (Kumo) is showing a bearish signal as the price is under the cloud.
Trading Volumes 📊:
Trading volumes show significant activity, which confirms the current downward trend.
Current volume (SMA 9): 38.212M, indicating significant sales volumes.
Support and Resistance 🔺:
Support level: 0.4667 - 0.6005.
Resistance level: 0.7983 - 1.464, which is a key point for the bulls.
📝 Conclusion:
Current technical analysis shows that AGIX is under pressure and is trading in a wide range. The following support and resistance levels are key for further analysis and trading decisions.
📈 Bullish Scenario:
A break above the level of 0.6653 with support from volumes could lead to an attempt to overcome the level of 0.7660 and a potential rise to 0.9418 and above.
📉 Bearish Script:
If the price fails to hold the level of 0.4667, then a further decline and testing of lower support levels is possible.
📢 Binance Announcement:
Binance will remove the AGIX/USDT trading pair on 2024-07-01 at 06:00 GMT+3. Be aware of the possible risks when making transactions.
Be careful and monitor market conditions to respond to changes in a timely manner! 🚀