CryptocurrencyanalystAlanSantanahassharedacompellingtechnicalanalysisoftheAGIX/BTCtradingpair,focusingonthe3-daytimeframe.
CryptocurrencyanalystAlanSantanahassharedacompellingtechnicalanalysisoftheAGIX/BTCtradingpair,focusingonthe3-daytimeframe.Theanalysisrevealsaseriesofclassicbullishsignalsthatcouldindicatethestartofa280%movementforSingularityNET’sAGIXtokenagainstBitcoin.KeyAGIXTechnicalIndicatorsHammerCandlestickPatternOnJune17,theAGIX/BTCpairformedaperfecthammercandlestickpattern.Thisformationisparticularlynoteworthyforseveralreasons:Thehammerpatternisabullishreversalcandlestickthattypicallyformsatthebottomofadowntrend.Thelonglowerwickofthehammerindicatesstrongsellingpressureattheopeningofthecandle,whichwasultimatelyovercomebythebulls.SantanaemphasizesthatthishammerpatternrepresentsahigherlowcomparedtoOctober2023,addingweighttoitsbullishimplications.MileiMonedaisanewmemecoininspiredbythepoliticalandeconomicviewsofJavierMilei,anArgentinepresident knownforhislibertarianandpro-Bitcoinstance.Youhaveanopportunitywiththeongoinglowpresalepricetogetinearly!SponsoredAcrucialobservationinSantana’sanalysisisthelackofmajorvolumeduringthehammerformation.Thisabsenceofvolumesuggests:Thebearswereunabletopushthepricedownsignificantlydespitetheirefforts,asevidencedbythelowerwick.Thebulls,ontheotherhand,wereabletoachieveasubstantialpriceincreasewithminimalvolume,hintingatfurtherpotentialforabullishcontinuation.Long-TermTrendAnalysisSantanacontextualizestherecentpriceactionwithinabroadermarketperspective:Afterrallyingover1,100%fromthe2023low,AGIXhasbeenconsolidatinggainswithinadescendingchannelonthe3-daytimeframe.TherecenthammerformationatthelowerboundaryofthechannelcoincideswithabullishdivergencefromtheRelativeStrengthIndex(RSI).ThisconfluenceoftechnicalindicatorssuggeststhatAGIXcouldbepreparingforabreakoutfromthedescendingchannelandacontinuationofitsbullishtrend.AlanSantana’stechnicalanalysispresentsacompellingcaseforabullishoutlookontheAGIX/BTCpair.Thecombinationofatextbookhammerpattern,favorablevolumedynamics,andthebroadermarketcontextsuggeststhatAGIXcouldbepoisedformajorgainsinthecomingdays.AGIXistradingat$0.7389,withan8.7%surgeinpriceoverthelast24hours.Eventhoughthewholecryptomarkethasnotrecoveredfully,AItokenshavebeenrecoveringgreatly.Readalso: Ripple’sXRPWillSurpassEthereum–HereAre3ReasonsAccordingtoCryptoAnalystJoinAethir’sexclusiveairdropandearnbadgesbyparticipatingineventsorholdingcommunitytokens.Completetasksandsecureyourspotbeforethesnapshotdateisrevealed!
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