AI Tokens Regaining Momentum: Fetch.AI (FET) & Singularity (AGIX) Lead the Race!

The post AI Tokens Regaining Momentum: Fetch.AI (FET) & Singularity (AGIX) Lead the Race! appeared first on Coinpedia Fintech News

Ever since the top cryptos have been manifesting their strength, the traders appear to have become optimistic about the prospects. The AI tokens had gained enough strength but as the trade advanced towards the end of February, Bitcoin bulls jumped in action, propelling DeFi & Memecoins too. Now, that all the tokens appear to have settled down a bit, the AI token has again gained mainstream trade. 

With a nearly 18% to 20% surge, Fetch.AI (FET) and Singularity (AGIX) prices are soaring, aiming to become the top gainers for the day. 

• With the latest bullish push, the FET price has reached the upper resistance of the rising wedge, which is considered bullish but can be broken with excessive buying pressure

• The price just formed a new ATH at $1.67 in the early trading hours and hence a minor pullback and consolidation are expected while the price is hovering within a discovery phase

• Besides, the RSI has gained levels above 86, which suggests the bulls could relax for a while but may hold the rally above the gains

• Therefore, the FET price is believed to maintain an ascending consolidation for the next few days and continue to form new highs every day. 

• After consolidating within a narrow range for a while, the AGIX price has broken above the bullish flag in the short term 

• The breakout is accompanied by a bullish MACD crossover, which suggests the buying pressure has just begun to rise, which may lead the token to form a new ATH

• With this, the price is expected to trigger a breakout and soar beyond $1 initially. If the bulls maintain strength at these levels, the upcoming trend could remain in bullish favour.

• The long-term forecast remains bullish and hence the AGIX price is expected to maintain a healthy upswing and achieve a new milestone above $2.