• Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data.
• This crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI.
• For AGIX, it is expected that the token is about to have a major pullback and the next key support level to watch will be at $0.10.
The cryptocurrency market had a strong week as investors reacted to the news of the FTX bankruptcy proceedings and the latest American inflation data. This week, FTX announced that it had found more than $5 billion in liquid assets that it could sell. This news had investors optimistic about the future of digital assets. On the other hand, data showed that the American inflation was cooling. This news also encouraged investors to invest in the crypto market.
In light of all this, this crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI. AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. This week, the AGIX crypto price surged to a high of $0.130, the highest point since October 14. This marks an increase of more than 253% from the lowest point in 2022. The reason for this surge remains unclear but it is likely that it was in sync with other AI-focused coins.
Turning to the daily chart, it is evident that the token went parabolic this week. As it rose, it moved above the important resistance point at $0.072, the highest point on December 13. The coin managed to move above all moving averages and is now approaching the important resistance point at $0.136. In the same period, oscillators like the Relative Strength Index (RSI) and the MACD have all surged. Therefore, it is expected that SingularityNet’s token is about to have a major pullback. If this happens, the next key support level to watch will be at $0.10, which is about 25% below the current level.
In conclusion, investors should watch the AGIX token closely as it may have a major pullback in the coming days or weeks. Other tokens like Aptos and MULTI should also be watched as they may be affected by the same news. It is important for investors to do their own research and make their own decisions about which tokens to invest in.