AGIX: Technical Analysis and Price Update

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Now, let’s dive into this chart analysis:

AGIX/USDT is showcasing a potential breakout indicating a crucial point for traders to monitor. The price is currently trading at $0.7165, experiencing a significant upward movement of +8.38%.

Key Technical Indicators:

~ Support: $0.5599, which aligns with the lower boundary of the ascending trendline starting from November 2023.

~ Resistance: Immediate resistance is noted around $0.7760, and further up, a critical resistance zone lies between $1.4043 and $1.4105, marked in yellow.

~ Moving Averages: The 50-day moving average (blue line) is acting as dynamic resistance, currently intersecting with the price action, indicating potential consolidation or a breakout scenario.

~ MACD Analysis: The MACD histogram shows decreasing bearish momentum, with the MACD line approaching a bullish crossover with the signal line. This suggests a potential shift towards a bullish trend in the near term.

Entry Range: $0.53 to $0.56.

Targets:
- T1: $0.803
- T2: $0.928
- T3: $1.06
- T4: $1.14
- T5: $1.21
- T6: $1.41

DYOR. NFA.

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