SingularityNET’s AGIX Surges as Cup and Handle Pattern Breaks: How High Can the Price Go in This Move?

Cryptocurrency analyst CryptoBull_360 tweeted that AI token SingularityNET (AGIX) is breaking out from a bullish cup and handle pattern on the daily chart. This technical pattern involves a U-shaped “cup” consolidation followed by a smaller “handle” consolidation before a major breakout. CryptoBull_360 believes this setup could trigger a significant rally towards the $0.60 level for AGIX.

As a leading project in the burgeoning AI blockchain sector, renewed momentum for SingularityNET reflects increasing interest in the high-potential space as a whole. CryptoBull_360 suggests traders also watch related tokens Ocean Protocol (OCEAN), Fetch.Ai (FET), and IoTeX (IOTX) which could benefit from this trend.

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Breaking Key Resistance Level

Adding further perspective, trader @Donjim95 highlights AGIX breaching key resistance around $0.44 with a strong 21% daily surge. Donjim sees additional pullbacks to $0.33 as potential value entry points for those still looking to gain AGIX exposure.

With AGIX already reaching $0.38 as of this writing, the token has plenty of room left to rally towards CryptoBull_360’s $0.60 target. Powered by its high-profile AI network and bullish technical setup, AGIX seems poised to massively outperform the broader crypto market in the short-term. Its parabolic potential could attract increased trader and investor interest.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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