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AGIX, with a total supply of 2 billion, is an artificial intelligence coin. It fell over 11% in the last 24 hours. Additionally, it stood out with a trading volume exceeding 105 million dollars. For the past two days, AGIX’s price has been strongly above the 100-day Simple Moving Average (SMA). The token, which has been following a downward trend for a while, is showing some signals that the price might reverse. If this happens, a new upward movement in AGIX’s price could begin.
AGIX Price at $0.95 Level
At the time of writing, the price of the cryptocurrency AGIX is approximately $0.95817, with a nearly 11% drop in the last 24 hours, and it is trading above the 100-day simple moving average. Currently, there are two main resistance levels for the token at $0.99038 and $1.04237, and two main support levels at $0.82620 and $0.75779.
Technical indicators show that AGIX might experience an upward rally. Accordingly, when the MACD indicator is technically examined in the 4-hour time frame, it is observed that the MACD histograms are above the zero line and both the MACD line and the Signal line have crossed the zero line and are moving upwards. This indicates a bullish trend. The chart below illustrates this situation more clearly.
The 4-hour Relative Strength Index (RSI) is seen to be above the 50% level. This indicates that the AGIX price is on the rise and buyers are active in the market, thus overpowering the sellers.
What Are the Critical Support and Resistance Levels?
The price of the cryptocurrency AGIX is currently trading around the $0.95038 resistance level. If it manages to surpass this level, the price could continue to move towards the $1.04237 resistance level, and if it breaks above this level, an upward trend might begin.
However, if AGIX’s price fails to break these resistance levels, it will pull back and drop towards the $0.82620 support level. If it falls below this support level, it is likely to test the $0.75779 support level. Of course, while metrics suggest something about the outlook, a movement of Bitcoin to $70,000 and above could positively affect AGIX’s price. Additionally, a development in the artificial intelligence field could also positively reflect on AGIX’s price.
