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The AGIX token signifies range bound moves and has decisively sustained gains above the 100 day EMA mark. For weeks, indecisiveness between the buyers and sellers was noted. Meanwhile, the token has made a double bottom pattern and has sustained momentum above the 100 day EMA mark. Amidst the market down move, the token has held on to its gains. After a monthly consolidation, a strong range breakout is anticipated in the upcoming sessions. A break and close above the $1 mark would trigger the buying momentum ahead. At press time, AGIX traded at $0.9564 with an intraday drop of 2.10%, reflecting neutrality on the charts. It has a monthly return ratio of 14.20% and 214.29% yearly. The pair of AGIX/BTC is at 0.0000142 BTC, and the market cap is $1.23 Billion. Analysts are neutral and suggest that the AGIX price may register a range breakout and might cross the $1 mark soon. Buyers Or Sellers: Who Reigns Supreme Ahead? For weeks, the mighty bull army has held on to the gains and is eyeing for a sharp surge. Meanwhile, the token has gained momentum slowly & steadily and decisively sustained above key moving averages. If the bullish wave continues, the token might reach the 52-week high trajectory near $1.50. Conversely, if any selloff happens, the lower neckline support zone of $0.7000 mark. Source: Santiment Going forward, the buyers have an edge and significant increase in trading volume was witnessed. The intraday trading volume jumped over 13.20% to $65.24 Million in the last 24 hrs. Meanwhile, the Momentum Indicator (Relative Strength Index) curve reached the midline trajectory and highlights the positive divergence. Can AGIX Token Escape Out of the Box? In a recent tweet, prominent analyst @EliZ shared the belief that AGIX token might play a breakout soon and will…

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Filed under: News - @ May 19, 2024 2:24 pm