Structurally, the open interest and price for $AGT have diverged (open interest down, price up): 24-hour open interest -10.24%, price +17.44%, current price 0.07783.
Next, watch for two things:
First, whether open interest can recover—a recovery often indicates new long positions are stepping in. Second, whether the price starts to stall. If open interest continues to fall while the price struggles to rise, it often means the short covering is nearing its end.
#AGT
Next, watch for two things:
First, whether open interest can recover—a recovery often indicates new long positions are stepping in. Second, whether the price starts to stall. If open interest continues to fall while the price struggles to rise, it often means the short covering is nearing its end.
#AGT