1. Cryptocurrency prices had a strong week due to the FTX bankruptcy proceedings and American inflation data.
2. This article takes a look at the price predictions for AGIX, Aptos and MULTI. AGIX surged to a high of $0.130 this week and is approaching the important resistance point at $0.136.
3. Oscillators such as the RSI and MACD have all surged, suggesting that a major pullback may be on the horizon.
Cryptocurrency markets had a strong week as investors reacted to the news of FTX’s bankruptcy proceedings and the latest American inflation data. While the news was both positive and negative, it provided a clear indication of the volatility of the crypto market and how quickly prices can move.
This article takes a look at the price predictions for AGIX, Aptos and MULTI. AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. The AGIX crypto price surged to a high of $0.130 this week, the highest point since October 14. It has jumped by more than 253% from the lowest point in 2022. It is unclear why the token rose but a likely reason is that it was in sync with other AI-focused coins.
Turning to the daily chart, we see 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 likely 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.
Aptos is another cryptocurrency that has been gaining traction in recent weeks. The price of Aptos has risen by more than 350% since the beginning of 2021. The coin recently broke out of a long-term downtrend and is now trading at its highest point since April 2021. It is likely that the coin will continue to gain momentum as more investors become aware of its potential. The next key resistance point to watch is at $0.06, which is about 15% higher than the current level.
Finally, MULTI is the native token for a decentralized finance (DeFi) platform that allows users to trade and invest in cryptocurrencies. The token has jumped by more than 400% since the beginning of 2021, with its most recent surge coming after the news of the FTX bankruptcy proceedings. The token is now trading at its highest point since June 2021 and is likely to continue its upward momentum. The next key resistance point to watch is at $0.46, which is about 7% higher than the current level.
Overall, it appears that the crypto market is still very much in a bull market. Investors should keep an eye on the price movements of AGIX, Aptos and MULTI, as these coins have shown great potential for growth over the past several weeks. For those looking to capitalize on near-term gains, it is important to monitor the key resistance points and be prepared to take quick action if the market moves in an unexpected direction.