Price Analysis: Top 2 Coins To Watch From May 24th – AGI & ALICE Where Are They Heading?

took a sharp 19% price drop over the past week of trading as it falls beneath $33,000. It is currently attempting to rebound, but most of the sentiment metrics continue to look bearish.

Nevertheless, there are still a handful of coins that are showing some promise this week.

Today, we released the top altcoins to watch for the week. These included SingularityNET (AGI), My Neighbour Alice (ALICE), and Hoard Token (HRD).

To find out why we picked these projects in a little more detail, look at this article. Unfortunately, there are no charts available for HRD, so we will have to skip this analysis.

In this analysis, I would like to cover these three coins to help provide some support and resistance you might expect to move forward.

SingularityNET (AGI) Price Analysis

What has been going on?AGI might be down by a steep 36% over the past month, but it is showing some promise today with a strong 27% price hike. The cryptocurrency started the month at around $0.45, and it struggled to break above this resistance.As a result, AGI started to slip at the start of the month and initially found support at $0.285. Unfortunately, the price collapse on Wednesday caused AGI to fall beneath support at the 100-day EMA level, and it continued to spike as low as $0.15. It did manage to close the Wednesday daily candle above the 200-day EMA at $0.23 but continue to fall lower throughout the remainder of the week.Yesterday, AGI spiked as low as $0.14 but managed to close the daily candle at $0.177 (.786 Fib Retracement). Today, the 27% price hike allowed it to rebound from here as it pushed back into the resistance at the 200-day EMA at around $0.223. This resistance is further bolstered by a bearish .236 Fib Retracement.AGI is now ranked in the 175th position as it holds a 187 million market cap value.AGI price short term prediction: NeutralAGI is still considered neutral at this time. A closing candle beneath $0.177 (.786 Fib Retracement) would cause AGI to turn bearish. It would need to rise above the resistance at $0.35 to start to consider a bullish market.If the bears push lower, the first strong support lies at $0.2. This is followed by $0.177 (.786 ), Fib Retracement $0.15, $0.1414 (downside 1.272 Fib Extension), and $0.1.Where is the resistance toward the upside?On the other side, if the buyers can break resistance at the 200-day EMA, the first resistance lies at $0.25. This is followed by $0.285 (bearish .382 Fib Retracement), $0.3 (100-day EMA), $0.33 (bearish .5 Fib Fib Retracement), and $0.35.

My Neighbour Alice (ALICE) Price Analysis

What has been going on?

ALICE is down by a solid 53% this month as the cryptocurrency falls into the $5.41 level. The coin was trading near $20 at the start of the month but started to fall from there until support was found at $20 last week.

During this week’s price crash, ALICE continued to fall beneath $10 as it dropped as low as $6 on Wednesday. It continued to fall throughout the week until reaching a low of $4.00 yesterday. Luckily, it managed to find solid support at $5.10 (downside 1.414 Fib Extension) yesterday and rebounded from there today.

ALICE is now ranked in the 269th position as it currently holds a $91.35 million market cap.

ALICE price short term prediction: Bearish

With a new low created, ALICE has to be considered bearish in the short term. The cryptocurrency would have to rise above $10 to turn neutral again and would need to continue beyond $13.60 (bearish .618 Fib Retracement) to turn bullish.

If the sellers push lower, the first solid support lies at $5.10 (downside 1.414 Fib Extension). This is followed by $4, $3.60 (downside 1.618 Fib Extension), and $2.43.

Where is the resistance toward the upside?

On the other side, the first resistance lies at $6. This is followed by $7.55 (bearish .236 Fib Retracement), $10 (bearish .382 Fib Retracement), and $11.75 (bearish .5 Fib Retracement).

Tags

Share this post:

Share on facebook
Share on twitter
Share on pinterest

Post comment

Your email address will not be published. Required fields are marked *