Potential Bullish Cup & Handle on AGIX

28 Mar

AGIX (SingularityNET) has been forming this potential "bullish cup & handle" formation with a clear breakout above both previous all time highs of around $0.67.
Currently around $1.40 as of March 28, 2024.
According to typical cup & handle patterns, by taking the "Target Measurement" from the lowest price (~$0.039) to ~$0.67 and placing the "Target Measurement" at the breakout point above $0.67, AGIX could potentially launch up to $10.00+ as time progresses.
With a Market Cap of ~$1.84 Billion and a Circulating Supply of 1.279 Billion, this is certainly a possibility it could achieve much higher price levels as mentioned above ($10.00+).
Of course I could be wrong about this but just throwing this cup & handle idea out there as it does appear to be one. And definitely not financial advice, just my own opinion and perspective.

Although this chart does not contain the full history of SingularityNET - since they had changed their ticker symbol from just "AGI" to "AGIX" - according to CoinMarketCap the highest price it has ever been was $1.49 back in January of 2018. We are getting very close to approaching that price.

Lastly, as a side note, SingularityNET is "the world's leading decentralised AI marketplace, running on blockchain" founded by Dr. Ben Goertzel and Co-founder Dr. David Hanson (the creators of "Sophia" the AI robot at Hanson Robotics).