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After a 20% increase, AI tokens, Fetch.ai (FET) and SingularityNET (AGIX) are aiming for another 25% jump!
After the iconic update on Ethereum 2.0, markets have become slightly confident of the impending price movement. Meanwhile, Ethereum-based tokens he demonstrated remarkable strength, especially AI tokens, which have recently lost some popularity. Among them, the prices of Fetch.ai and SingularityNET increased by nearly 25% each and are expected to maintain similar price action to overcome the bearish influence.
Fetch.ai (FET) price could recover $2 this month
The price of FET increased significantly in the first days of March and reached new highs at $3.84. In this period the bearish phase spread across the markets, causing a price collapse of over 65%. However, the price has seen a slight rebound and appears to be poised for another similar price action in the coming days.
The short-term trade shows the FET trading price inside a descending parallel channel and after losing the lower support, it triggers a rebound. The bounce was so strong that the price not only entered the pattern but moved higher to test the upper resistance. The RSI is testing the upper threshold, while the MACD is extremely bullish. Therefore, the FET is expected to overshoot the channel. However, only if it were to remain above the important resistance at $1.76 could a rise above $2 be assumed before the end of the month.
SingularityNET (AGIX) price is poised for a 35% upside.
SingularityNET appears to be extremely bullish in comparison, as the price defended the lower support which was crucial. With a sharp increase in buying volume, the token managed to restore the bullish momentum, but a further increase of 15% to 18% is needed to start a new bullish period. However, there is a possibility of some bearish interference as the token is about to enter a bullish range.
The price of AGIX has rebounded from the support levels defended in recent months. The trend may appear bullish, but validation could only occur if the price recovers the crucial resistance at $0.77. These levels can provide the required base and push the price above $1. The technical data also points towards a bullish continuation, as the RSI has started to rise while the MACD is about to undergo a bullish crossover. Therefore, AGIX price looks set to reach $1 in the next few days.