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Will AGIX and OCEAN AI tokens lead the bullish rally with a massive price breakout?
The Artificial Intelligence (AI) category continues to dominate the cryptocurrency market for the second day in a row, indicating a growing dominance of AI tokens over elite cryptocurrencies in the crypto space.
In particular, Fetch.ai (FET) Price. and Turbo (TURBO) posted the highest gains in the AI category over the past day. Additionally, SingularityNET (AGIX) and Ocean Protocol (OCEAN) have seen similar trends adding over 20% to their respective portfolios, highlighting more bullish action.
With the ongoing bull market, will AGIX and OCEAN prices rise another 30% this month? Let’s go, as in this article we have covered the price analysis and market sentiments for SignularityNET (AGIX) and Ocean Protocol (OCEAN) for this month.
SingularityNET suggests another price hike this month?
After showing bearish price action since the beginning of the month, AGIX price has shown strong bullish price action this week by adding 24.55% to its portfolio in the last 24 hours. Furthermore, the altcoin has increased by 35.02% in the last 2 days, highlighting a greater positive influence.
TradingView: AGIX/USDT
The technical indicator, SMA, shows a positive crossover in the 1D time frame, indicating an increase in buying-selling pressure for the AGIX cryptocurrency in the market.
On the other hand, the Relative Strength Index (RSI) registers a sharp increase below the oversold range, highlighting a growing bullish sentiment in the cryptocurrency sector. Furthermore, the average shows bullish convergence, suggesting that the price will continue to gain value this week.
If AI tokens continue to experience positive influence from the cryptocurrency market, the AGIX coin price will prepare to test its upper high of $1 in the coming times. However, if investors start to take profits, SingularityNET price will plummet towards the lower support level of $0.380.
The OCEAN price records a bullish reversal:
Ocean Protocol price has seen a strong bullish reversal on its price chart below its important $0.5930 level, resulting in a valuation increase of around 35% this week. Furthermore, with the growing positive influence, OCEAN price is expected to continue gaining value this week.
TradingView: OCEAN/USDT
With a trading price of $0.6741, a circulating supply of 1,408,900,141 OCEAN Tokens and a total supply of 1,410,000,000 OCEAN Tokens, Ocean Protocol cryptocurrency has successfully secured the 153rd position on the global list of cryptocurrencies with a market capitalization of $378.332 million.
The moving average convergence divergence (MACD) shows a steady decline in the red histogram, indicating an increase in price action for the AI token in the crypto space. Furthermore, the averages register a high possibility of bullish convergence, suggesting a positive outlook.
If the market is trading with a bullish sentiment, Ocean Protocol price will prepare to test its upper resistance level of $0.9990 this month. On the contrary, if a bearish reversal occurs, the OCEAN cryptocurrency would plummet towards its important support level of $0.5930.