The cryptocurrency market is poised for a significant event with the imminent release of $382.91 million in tokens, including a major release from SingularityNET’s AGIX. Tomorrow’s anticipated event will see a notable 0.69% of AGIX’s total supply, equivalent to $11.75 million, become available. With the AGIX token currently valued at $1.34, the market is attentively observing the potential impact on its price.
Investors Anticipate AGIX Token Release
Market participants are on high alert as the countdown to the AGIX token release enters its final hours. The Token Unlocks platform has been the primary source for updated information concerning upcoming token releases. The approaching AGIX event is drawing particular attention due to its substantial value and potential market influence.
Technical Insights into AGIX’s Market Behavior
Technical analysis of the AGIX two-hour chart indicates a bullish channel formation, with the EMA 200 (red line) recently providing a vital support level, prompting a price rally. Investors are advised to keep a close watch on critical support levels at $1.31, $1.25, and $1.17, with a close below $1.25 potentially signaling a price drop.
Conversely, resistance levels at $1.34, $1.39, and $1.46 represent key thresholds for AGIX’s upward momentum. Closing above $1.39 could signal further price escalation. Both investors and analysts are focusing on these technical indicators to gauge the market’s direction following the token release.
The unfolding events surrounding AGIX’s token release are likely to be a major focus in the cryptocurrency ecosystem, as market participants speculate on the impact of these new tokens on the altcoin’s value and overall market dynamics.