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SingularityNET (AGIBTC) Chart Analysis
I’ve been looking at many of the Binance altcoins and they are showing some “support” buying, but I am not convinced since there isn’t enough volume. For instance, DENTBTC did show volume on its break and it moved accordingly while others retraced.
SingularityNET (AGIBTC) has gone through some “support” buying as well but this one does have the volume to support this move, which means that it can produce additional bullish action pretty soon. Let’s take a look at the chart signals:
You can see the huge falling wedge and all gains being removed.
The green area is the demand zone, this is where people buy.
The RSI has broken its downtrend after hitting oversold.
The last volume bar is the biggest since March’s bullish wave.
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