Crypto Prices Surge as Investors React to FTX News and Inflation Data

• Cryptocurrency prices had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data.
• AGIX, Aptos, and MULTI are three cryptocurrencies that saw significant price jumps this week.
• AGIX surged to a high of $0.130 this week, the highest point since October 14, and moved above the important resistance point at $0.072.

The cryptocurrency market had a strong week as investors reacted to the news of the FTX bankruptcy proceedings and the latest American inflation data. As investors moved into cryptocurrencies, some of the most popular tokens saw significant price jumps. AGIX, Aptos, and MULTI were among the cryptocurrencies that had strong gains.

AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. This week, the AGIX crypto price surged to a high of $0.130, the highest point since October 14. It has jumped by more than 253% from the lowest point in 2022. It is unclear why the token rose but a likely reason is that it was in sync with other AI-focused coins.

Turning to the daily chart, we see that the token went parabolic this week. As it rose, it moved above the important resistance point at $0.072, the highest point on December 13. The coin managed to move above all moving averages and is now approaching the important resistance point at $0.136. In the same period, oscillators like the Relative Strength Index (RSI) and the MACD have all surged. Therefore, it is likely that SingularityNet’s token is about to have a major pullback. If this happens, the next key support level to watch will be at $0.10, which is about 25% below the current level.

Aptos is a blockchain-based asset management platform that allows users to securely store and trade digital assets. This week, Aptos saw its price jump to a high of $0.0047, the highest point since October 2021. The coin has risen by more than 180% from its lowest point in 2021 and it appears to be in a strong uptrend.

On the daily chart, we see that Aptos has been in an uptrend since the beginning of the year. The coin has moved above all the moving averages and is now approaching the important resistance point at $0.0052. While the oscillators like the RSI and MACD are indicating that the coin could be overbought, I suspect that the coin could pullback before continuing its uptrend. The key support level to watch will be at $0.0034, which is about 25% below the current level.

Lastly, MULTI is a multi-asset blockchain platform that allows users to securely store and manage their digital assets. This week, MULTI saw its price jump to a high of $0.0037, the highest point since October 2021. The coin has risen by more than 140% from its lowest point in 2021 and it appears to be in a strong uptrend.

Looking at the daily chart, we see that MULTI has been in an uptrend since the beginning of the year. The coin has moved above all the moving averages and is now approaching the important resistance point at $0.0042. While the oscillators like the RSI and MACD are indicating that the coin could be overbought, I suspect that the coin could pullback before continuing its uptrend. The key support level to watch will be at $0.0028, which is about 25% below the current level.

Overall, AGIX, Aptos, and MULTI all had strong gains this week. While they may be overbought and in line for a pullback, the long-term trend appears to be positive and investors should keep an eye on these coins as they could be in for more gains.