AGLD: Technical Analysis Report | 16th-MARCH-2023

AGLD is the native ERC-20 token of the Loot Non-Fungible Token (NFT) project. Loot is a randomly generated, text-based adventure gear that is saved on-chain. Originally, it was only based on a set of 8,000 text-based NFTs that were open to how the community would like to interpret them. NFTs contain gear text ranging from the “Holy Greaves of Giants” to the “Grim Shout”. The token’s price has fallen by 9.77% while the global volume has fallen by almost 33% in the last 23 hours.

At the time of writing, AGLD was trading at $0.403.

AGLD Chart | 16th March 2023
AGLD Chart

AGLD after making the low of 0.206 witnessed a massive rally and the prices surged almost by 306% and made the high of $0.838 within three months. Post this move, the asset faced stiff resistance at higher levels and struggled to sustain and give the close above the key level of $0.675. The prices witnessed a sharp correction and plunged to $0.331. AGLD after giving negative closing for ten straight sessions finally took support at the uptrend line. The asset made a ‘Spinning Top’ candle, giving a relief rally up to $0.484. AGLD has strong resistance at $0.475 and to further rally it needs to break and close above it.

Support 2Support 1AssetResistance 1Resistance 2

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