AGIX BTC SingularityNET Technical Analysis

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By Frans van Elst

SingularityNET logo In this SingularityNET technical analysis, we will examine the current price action, trading volume, key levels and indicators for AGIX-BTC. SingularityNET is a decentralized artificial intelligence (AI) network that leverages blockchain technology to provide a platform for AI developers to create, share, and monetize their AI models. AGIX is the native cryptocurrency of SingularityNET, used as a form of payment for AI services and as a store of value for investors. With its innovative approach to AI development and deployment, SingularityNET has the potential to revolutionize the field of AI and create new opportunities for businesses and individuals alike.

SingularityNET Price Overview:

As of May 06, 2024, SingularityNET is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for AGIX-BTC:

Clearly see SingularityNET’s (AGIXBTC) bullish trend at 1.55e-05 BTC through detailed technical analysis, highlighting strong support and promising indicators.

Metric Value
Open (O) 2e-05
High (H) 2e-05
Low (L) 2e-05
Close (C) 2e-05
Volume (C) 716,891.00
  • Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
  • High (H): SingularityNET reached a daily high of around 2e-05 BTC.
  • Low (L): The daily low for AGIX-BTC was approximately 2e-05 BTC.
  • Close (C): At the time of analysis, SingularityNET is trading near its daily close of 2e-05 BTC.
Metric Value
1D Change (%) 1.58%
3D Change (%) 9.48%
7D Change (%) 11.94%
30D Change (%) 0.19%
90D Change (%) 130.21%
YTD Change (%) 104.90%

Over the past three days, AGIXBTC has increased by approximately 9.48%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AGIXBTC maintaining an upward trend of approximately 0.19%, despite intermittent fluctuations. Examining the last 90 days, AGIXBTC has witnessed substantial increase of approximately 130.21%, reflecting strong long-term confidence. Year-to-date, AGIXBTC has steadily increased by around 104.90%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

SingularityNET Live Chart:

You can access a live price chart for AGIX-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.63968.
  • Momentum score is 0.17553.

AGIX BTC Technical Analysis

SingularityNET Trading Volume:

The trading volume for SingularityNET (AGIX) over the past 24 hours has been significant, with approximately 716,891.00 BTC traded against AGIX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): AGIX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): SingularityNET is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for AGIX-BTC is currently in the neutral zone, around 53.69493. This suggests that SingularityNET is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

SingularityNET (AGIX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.

Clearly see SingularityNET’s (AGIXBTC) bullish trend at 1.55e-05 BTC through detailed technical analysis, highlighting strong support and promising indicators.

Explore more with our thorough insights on AGIX USDT SingularityNET Technical Analysis — an essential read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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