After the iconic update on Ethereum 2.0, the markets have become slightly certain about the upcoming price action. Meanwhile, the Ethereum-based tokens demonstrated remarkable strength, specifically the AI- tokens, which have recently lost some traction. Among them, the prices of Fetch.ai & SingularityNET surged nearly 25% each and are expected to maintain a similar price action to rise above the bearish influence.
The FET price rose remarkably in the first few days of March and achieved new highs at $3.84. The bearish heat spread across the markets at this time, which caused the price to plunge by more than 65%. However, the price rebounded finely and seems to be poised for another similar price action in the coming days.
The short-term trade displays the FET price trading within a descending parallel channel and after losing the lower support, it triggers a rebound. The rebound was so strong that the price not only entered the pattern but surged high to test the upper resistance. The RSI is testing the upper threshold, while the MACD is extremely bullish. Therefore, the FET is expected to break above the channel. However, only if it sustains above the important resistance at $1.76, a rise beyond $2 may be speculated before the end of the month.
SingularityNET appears to be extremely bullish comparatively, as the price has defended the lower support which was crucial. With a steep rise in buying volume, the token managed to restore bullish momentum but to initiate a fresh bullish spell, it is required to rise another 15% to 18%. However, some bearish interference may be expected as the token is about to step into a bullish range.
The AGIX price rebounded from the support levels that have been defended for the past few months. The trend may appear bullish but validation may occur only if the price reclaims the crucial resistance at $0.77. These levels may offer the required base and propel the price beyond $1. The technicals also point towards the bullish continuation, as the RSI has started to rise while the MACD is about to undergo a bullish crossover. Therefore, the AGIX price seems to be determined to reach $1 in the next few days.
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