Cryptocurrency analyst Alan Santana has shared a compelling technical analysis of the AGIX/BTC trading pair, focusing on the 3-day timeframe. The analysis reveals a series of classic bullish signals that could indicate the start of a 280% movement for SingularityNET’s AGIX token against Bitcoin.
What you'll learn 👉
Key AGIX Technical Indicators
Hammer Candlestick Pattern
On June 17, the AGIX/BTC pair formed a perfect hammer candlestick pattern. This formation is particularly noteworthy for several reasons:
- The hammer appeared after a steep price decline.
- It was followed by two green (bullish) closing sessions.
- All textbook requirements for a hammer pattern were met.
Santana emphasizes that this hammer pattern represents a higher low compared to October 2023, adding weight to its bullish implications.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +A crucial observation in Santana’s analysis is the lack of major volume during the hammer formation. This absence of volume suggests:
- No substantial selling pressure
- Limited resistance to potential upward movement
Long-Term Trend Analysis
Santana contextualizes the recent price action within a broader market perspective:
- The bullish move in early 2024 is considered the initial breakout.
- This breakout potentially signaled the end of a long-term consolidation phase.
- The current price action, including the hammer pattern, may indicate the beginning of the next bullish wave.
Alan Santana’s technical analysis presents a compelling case for a bullish outlook on the AGIX/BTC pair. The combination of a textbook hammer pattern, favorable volume dynamics, and the broader market context suggests that AGIX could be poised for major gains in the coming days.
AGIX is trading at $0.7389, with an 8.7% surge in price over the last 24 hours. Even though the whole crypto market has not recovered fully, AI tokens have been recovering greatly.
Read also: Ripple’s XRP Will Surpass Ethereum – Here Are 3 Reasons According to Crypto Analyst
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
