AI Tokens Regain Momentum! FET And AGIX Price To Surge?
The post AI Tokens Regain Momentum! FET And AGIX Price To Surge? appeared first on Coinpedia Fintech News
The cryptocurrency is on the verge of completing its third trading month positively, highlighting a strong bullish influence in the crypto space. Further, top tokens have recorded massive volatility in their respective portfolios, indicating an increase in the inflow of digital assets.
Furthermore, Artificial Intelligence (AI) has displayed a significant uptrend after recording a neutral trend for a brief period, highlighting a positive outlook for these tokens in the upcoming time.
Fetch.ai (FET):The FET price traded in a closed range between $0.992 and $1.24 for a while, following which the bulls recorded a jump of 77.38% in valuation. After facing rejection at $1.906, the price displayed a neutral trend for about a week. As the volatility increased, the bulls regained momentum.
The Fetch.ai price jumped 87.59% within the next three days, indicating a bullish reversal in the industry. Since then, the price has been trading in a consolidated range between $2.23 and $3 and is on the verge of testing its resistance level, the outcome of which is unpredictable.
TradingView: FET/USDT
The technical indicator, MACD, displays a constant green histogram, highlighting an increased buying-over-selling pressure in the crypto market. Further, the averages show a rising pattern, suggesting the price will continue gaining value in the coming time.
If the market pushes the price above the resistance level of $3, the bulls will continue to gain momentum and attempt to test its upper resistance level of $3.5 in the coming time. Conversely, a bearish reversal may pull the price toward its low of $2.23 during the coming month.
SingularityNET (AGIX):The AGIX price displayed a neutral trend for a while, following which the bulls gained momentum and jumped 39% before facing rejection at $0.975. After displaying significant price volatility for a while, the bulls recorded a jump of 93.48%, following which the bulls faced rejection at $1.40.
Following this, the SingularityNET price started trading under a bearish influence and recorded a correction of 30.35%, after which the price traded in a closed range between $0.975 and $1.09 for a short period. Recently, the bulls regained momentum, and since then, it has been trading positively.
TradingView: AGIX/USDT
The MACD shows a steady rise in the histogram, indicating a positive price action for the altcoin in the market. Moreover, the averages display a significant rise, highlighting a bullish price action in the coming time.
If the bulls hold the price above the support level of $1.20, the AGIX price will regain momentum and run to test its upper resistance level of $1.40 in the coming time. Negatively, if the bears overpowered the bulls, the price would fall to test its lower support level of $0.975.