Will AGIX Set a New All-time High?

Artificial intelligence has taken the world by storm in the past couple of years, and among the AI-focused projects in the crypto space is that of SingularityNET and the AGIX token. During the AI token bullrun in January of 2023, the AGIX coin has rocketed more than 1330% in value to hit an all-time high price-tag of $0.61990 and that figure may be surmounted in the coming months.

On April 10, the price of AGIX bumped over 4% within 24 hours after the announcement of SingularityNET’s collaboration with Atrium Lab and Cardano, and this can represent as a small yet impactful driver which may in fact begin a domino effect of prosperity for AGIX.

After setting all-time highs in early February, the uptrend trajectory has been in correction mode up until mid-April, and it seems that a strong support level has been formed by the $0.37 mark. Yet, if the coin witnessed its value to deteriorate beyond this point, the next support zone emerges by the $0.30 level with another lower one situating by the $0.23 level.

Looking into the AGIX price trend on a four-hour scope, a falling wedge pattern can be witnessed which typically represents an early sign of trend reversal, and in the case of AGIX, a bullish breakout may be on the brinks.

Depending on the progress of SingularityNET’s projects, the robustness of its fundamentals and widespread market conditions, the coin native to SingularityNET price may in fact breach its all-time high in the next month.