Technical analysis indicates that the price of SingularityNET might continue its upward trend. The 4-hour chart's Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are showing bullish signals. The MACD line has recently moved above the MACD Signal line, suggesting a strengthening bullish trend that could encourage buyers. This is often interpreted by traders as a sign of a strengthening positive momentum for AGIX. If this technical pattern holds true, the price of the altcoin could continue to rise.
Additionally, the RSI indicator is hinting at a bullish short-term outlook, as it has moved above its Simple Moving Average (SMA) line in the last 24 hours. This movement indicates that buying pressure is surpassing selling pressure, potentially leading to further gains for the SingularityNET price in the next few days.