Technical analysis by Mudrex about Symbol AGIX: Buy recommendation (6/26/2024)

AGIX has emerged as the top gainer of the week with a remarkable 27% surge following the announcement of the merger date for FET, AGIX, and OCEAN into the ASI token. AGIX experienced a significant correction, dropping to $0.4702 on June 18, which coincided with its demand zone. However, the price quickly rebounded after the merger news. AGIX is showing bullish momentum with strong candles leading the AI sector. The next resistance levels to watch are $0.9025 and $1.0920. On the daily and weekly timeframes, the oscillators are neutral. Moving averages indicate a bullish trend on the daily timeframe, but on the weekly timeframe, both oscillators and moving averages are neutral. While technical indicators provide insights, the imminent release of ASI tokens in a few weeks suggests focusing more on the merger news and its impact.