Price Analysis

Here is What’s Next for AGIX, FET, & RNDR Prices, Has AI-Boom Restored?


SingularityNET (AGIX) Price Analysis

The SingularityNET token has been maintaining a steep upswing after it broke out in mid-February. Regardless of the bearish influence, the bulls have managed to trigger a healthy rebound. With the latest price action, the token has formed a bullish pattern and if the bulls manage to show some strength, the upcoming trend could form new highs beyond $2.

The AGIX price failed to surpass the local highs a couple of times, which formed a double top pattern, resulting in a 30% plunge from the neckline. However, the bulls quickly jumped in and elevated the levels but failed to clear the neckline levels. Currently, the price has formed a double bottom pattern with the same neckline zone. If the previous pattern repeats, then the AGIX price could surge more than 30% to reach $1.4 in the next few days. Besides, the DMI and RSI, which have turned positive, also support the bullish claim. 

Fetch.ai (FET) Price Analysis

FET price has been displaying massive strength for the past couple of months as the buying pressure piled up heavily. Although the volume dropped notably, the trend remains under bullish influence, suggesting a new ATH may not be too far from the current levels. Besides, the volume has been maintaining a decent rise, indicating a notable rise in bullish momentum. The FET price soared by more than 500% at the start of March, reaching new highs of $3.47. Since then, the token has managed to hover within a narrow range of a descending triangle with a fixed support zone.

Furthermore, the price has risen above the Bollinger average bands for the first time since April, possibly approaching the upper resistance of the band above the triangle. Despite the soaring bullish momentum, the price could face a minor pullback as the stochastic RSI has reached the upper threshold. Hence, the price may consolidate for a while, followed by a bullish breakout aiming to form a new ATH anytime in the coming week.

Render (RNDR) Price Analysis

Similar to the other AI token, the Render price has also broken above the descending formation. The 20% rise following the breakout indicates the growing bullish power as the buying pressure has grown enormously. Therefore, the current trade set-up suggests the RNDR price, which is testing the crucial resistance zone, could surpass these levels and head towards forming new highs. 

The DMI in the daily chart has just flashed a bullish signal but the ADX maintains a sluggish trend. Therefore, this suggests the price may maintain a sideways trend for a while, along the resistance level and trigger a healthy breakout. This may cause the RNDR price to mark new ATH, probably above $15 before the end of the month.

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