In the world of cryptocurrency, data on token unlock events is closely monitored by the ecosystem. Token Unlocks, a platform that analyzes token unlock data, has revealed that a staggering $382.91 million worth of tokens will be unlocked in the upcoming week. One of the most anticipated unlock events is for SingularityNET’s AGIX token, a popular artificial intelligence project.
The AGIX token unlock event is scheduled to take place tomorrow at 04:00, unlocking tokens equivalent to 0.69% of AGIX’s total supply, valued at $11.75 million. As the countdown to the event continues, investors are keeping a close eye on the process. At the time of writing, the AGIX token was trading at $1.34, adding to the anticipation surrounding the unlock event.
A closer look at the AGIX chart analysis reveals a rising channel formation structure on the two-hour chart. This formation has only experienced a bull trap on two occasions, with the EMA 200 level acting as a strong support during the recent decline in AGIX price. Key support levels to monitor on the chart include $1.31, $1.25, and $1.17, while important resistance levels to watch for are $1.34, $1.39, and $1.46.
Investors are advised to keep a close watch on the AGIX token unlock event and monitor the price action following the unlock. While cryptocurrencies can be highly volatile and risky, conducting thorough research and staying informed can help investors make informed decisions in this fast-paced market.
In conclusion, the upcoming AGIX token unlock event presents a significant milestone for SingularityNET’s project, with potential implications for the price of the AGIX token. By following the key support and resistance levels on the chart, investors can better understand the market dynamics and make strategic investment choices. Remember, always conduct your own research and proceed with caution in the volatile world of cryptocurrencies.
