SingularityNET (AGIX) Hits 7-Day High on Merger Announcement, Indicator Foresee Bull Rally

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AGIX’s price hits a 7-day high at $1.39, up 28% over the month amid merger news.
AGIX volume surges by 97.27%, and the market cap reaches $1.78 billion.
Bollinger bands widen on the AGIX chart, signaling increased volatility.

Since the news of a merger of SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) into AltSignals (ASI) Token, which would have a diluted valuation of $7.5 billion, AGIX has been on a positive surge. As a result, the AGIX bullish momentum regained strength, sending the price to a 7-day high of $1.39 after finding support at an intra-day low of $1.20. At press time, AGIX was trading at $1.39, up 7.98% in the prior 24 hours and 28% in the previous month.

If the positive momentum breaks over the $1.39 resistance, the next resistance levels to watch for are $1.50 and $1.60, as investors continue to believe in the potential of AltSignals (ASI) Token. However, if the price fails to break over $1.39, there may be a brief pullback down to the $1.20 support level before trying another positive rise.