Token

Ocean Protocol

SingularityNET

Convergence

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bithumb-delists-singularitynet-agix/" data-wpel-link="internal">Bithumb Delists SingularityNET (AGIX)</a> 
SingularityNET‘s token (AGIX), Ocean Protocol (OCEAN), and Fetch.<a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">ai</a> (FET) faced significant price drops after their merger. The situation worsened for the altcoin when Bithumb, one of South Korea’s largest four <a href="https://en.coin-turk.com/bitfinex-enters-el-salvadors-security-tokenization-sector/" data-wpel-link="internal">cryptocurrency exchanges</a>, announced it would delist AGIX. This move came at a particularly challenging time for the cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, which recently experienced a loss of over $500 billion. 
<h2 style="text-align: justify" id="strong-bithumb-delists-singularitynet-agix-strong">Bithumb Delists SingularityNET (AGIX)</h2> 
Bithumb‘s decision to delist AGIX follows the altcoin’s merger with FET and OCEAN into a new entity called Artificial Superintelligence Token (ASI). According to Fetch.ai’s official statement, the conversion rates for the transition are as follows: 
1 AGIX = 0,433350 ASI 
1 OCEAN = 0,433226 ASI 
1 FET = 1 ASI 
Bithumb’s decision to delist AGIX is the latest in a series of major exchanges withdrawing support, complicating the merger process that began on July 1 and will continue into August. 
<h2 style="text-align: justify" id="strong-agix-s-price-struggle-strong">AGIX’s Price Struggle</h2> 
AGIX is currently on a downward trajectory, breaking out of a descending triangle formation with lower highs and a horizontal support level around $0.76. AGIX is now trading at $0.5, where it has found temporary support. The latest candlestick formation indicates a potential break from this support level, suggesting further downward momentum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376981" src="https://coin-turk.com/wp-content/uploads/2024/08/AGIX-Altcoin.jpeg" alt="" width="1280" height="538"> 
Technical analysis supports a bearish outlook for AGIX. The 50-day Exponential Moving Average (EMA) is at $0.688, and the 200-day EMA is at $0.698. Both are above the current price, confirming the bearish trend. The recent “death cross,” where the 50-day EMA crossed below the 200-day EMA, also indicates a potential long-term bearish phase. 
The primary support level for AGIX is around $0.5, marked by a horizontal black line. Below this, the gray area between $0.25 and $0.30 could serve as a lower support zone. The immediate resistance level is at $0.6, while stronger resistance is at $0.688 (50-day EMA) and $0.698 (200-day EMA). 
Additionally, the altcoin’s Relative Strength Index (RSI) stands at 40.54, slightly above the oversold region, indicating a minor relief rally but generally showing weakness. The Moving Average Convergence Divergence (MACD) is below the signal line and in the negative zone, further supporting the bearish trend. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bithumb-delists-singularitynet-agix/" data-wpel-link="internal">Bithumb Delists SingularityNET (AGIX)</a></h5>
The post <a href="https://en.coin-turk.com/bithumb-delists-singularitynet-agix/" data-wpel-link="internal">Bithumb Delists SingularityNET (AGIX)</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bithumb Delists SingularityNET (AGIX)

Table of Contents

COINTURK NEWS

Other articles published on Aug 5, 2024

Ethereum Plummets 8.5% Following ETF Outflows: Analyzing the Market Reaction

VET, RBLK and JASMY: 3 Altcoins That Cost Just A Couple Cents, Which One Will Make It Into The Do...

OKX's Venture Arm and Aptos Foundation Announce $10M Fund to Boost Aptos Ecosystem

JITO Foundation Releases Code for Jito Restaking on Solana

Bitcoin ETF: Europe’s Capula Management Discloses $500 Mln Holding

Why are crypto markets crashing? Liquidations hit $1B in 24 hours!

Join our free newsletter for daily crypto updates!