AGLD Price Prediction: The Digital Currency Is Slowly but Steadily Making Its Way in the Cryptocurrency Market

The cup-and-handle pattern is one of the most popular formations that define the technical analysis charts models.

Cryptocurrency is gradually making its presence felt in the market by breaking through key resistance levels. On Sunday, Alan Santana highlighted the cup and handle charting pattern in an X post, which indicates strong further growth for the token.

#AGLD #AGLDUSDT | #Altcoins ✴️ Local Resistance; Cup & Handle; Targets & 6500% & 1,100%

The cup and handle pattern consists of two “cups.” One large on the left and the other smaller on the right. This would be a major low followed by a strong higher low.

Where the… pic.twitter.com/tD0p8Vxw8s

The cup-and-handle pattern is one of the most popular formations that define the technical analysis charts models. In AGLD’s case, it features two “cups”: a large one for a major low and a smaller one for a higher low. These formations are completed by a resistance level known as the neckline. AGLD price has finally and decisively breached this crucial resistance this week, cementing the bulls’ position in the chart.

Booming Bullish Momentum for AGLD

In the past, AGLD has encountered difficulty at the neckline level. An attempt to push through this level was made in November, but the price closed below the resistance despite a bullish week. In the following weeks, the resistance was breached, which is an essential shift for the token’s price trajectory. This barrier is penetrated to validate local bulls’ buying pressure and remove a longstanding cap.

Now that the resistance has been eliminated, attention has turned to what price targets AGLD may achieve. Initial estimates indicate that, in the coming months, the token might deliver fantastic returns. Pricing is expected to rise by 629% within the 1 to 3 months period according to analysts. Extended period of 3 to 6 months may present even more significant increase, and the possible profit can be as high as 1,100%. From the market’s bottom, the total growth may rise to 6,500%.

Rising Interest in AGLD

The bullish trend in AGLD may be attributed to general market trends as well as technicals. The cup-and-handle formation is a very powerful indicator of a continued uptrend and can help investors to chart their course. Even though such projections can be seen as quite optimistic, they are also backed by rather reasonable technical analysis, which can work as a ray of light in the sea of constantly fluctuating prices. As of writing, the token is trading at $1.82, showing a 10.82% increase over the past day.

AGLD seems to be following an upward trend as the week nears its end. This breakthrough of the resistance level is a major achievement and has garnered more interest from the cryptocurrency community as more people aim for hitting astonishing prices. Despite the positive perspective there are still challenges on the market and the participants are urged to be careful in such a critical environment.