$AGLD Next target:
Based on the AGLD/USDT chart and recent price action, here’s an analysis for the potential next target levels:
Key Points
1. Current Price Level: After a significant upward spike, AGLD is currently around 2.323. This level seems to be a critical support as the price retraced here after the peak.
2. Immediate Resistance: The price recently reached a high of 3.200. If bullish momentum resumes, this level could be retested and potentially broken. A successful breakout above 3.200 might open up the path for higher targets.
3. Support Levels: If the price declines further, the EMAs at 1.969 and 1.653 could act as supports. If these levels hold, they might serve as a base for the next upward move.
Potential Next Targets
Based on Fibonacci retracement and extension levels, here are the short-term target levels if AGLD continues its uptrend:
1. Bullish Scenario:
Break above 3.200: If AGLD surpasses this recent high, the next potential resistance and target could be around 3.50 - 3.70, where it may face selling pressure.
Further Extension: If momentum remains strong, a further target around 4.00 - 4.20 might be achievable, especially if overall market sentiment supports the rally.
2. Bearish Scenario:
Break below 2.323: If the price breaks below 2.323, it could signal further downside toward the EMA (25) support at 1.969.
Deeper Retracement: If the decline continues past 1.969, the price might test support near 1.65 - 1.70.
Indicators to Watch
Volume: Higher volume on upward moves will indicate strong buying interest and increase the chances of reaching higher targets.
Stochastic RSI: Currently near overbought, a pullback might be likely if it starts trending downward.
RSI: Approaching overbought levels around 66.739, indicating some caution for potential short-term correction.
In summary, the next bullish target could be around 3.50 - 3.70, with a stretch target of 4.00 if momentum is sustained. On the downside, watch for support at 2.323, and below that, around 1.969.
