Hello everyone!
AI is speculated to be the narrative for this upcoming alt season and so far AGIX has been leading the AI market by a whooping 1890.55% since July. That's life changing money in less than 1 year. We touched the previous ATH in 2021 and bounced down confirming cup. For a cup and handle to occur the price has to bounce of the resistance from the previous all time high(cup formation) and correct a 50% (handle). As of now we have perfectly corrected 50% so AGIX could still go either way hence the reason this is not a long nor a short analysis. Fundamentally AGIX is a very strong coin and it could still be early for it so I would'nt be surprised if it ever reaches the upper target.
Bearish scenario: We can go as low as the golden pocket area below (yellow box) at 0.20-0.23
Bullish scenario: Would take place if price hold above 0.34
The bullish scenario is bound to happen.