AGT Holds $0.005108 Support After Bullish Retest Above Descending Trendline

AGT broke above a multi-month downwards retracement, but was able to break out with a retest confirming a bullish breakout structure.

It is trading at $0.005362 (with supports at $0.005108 and resistance at $0.005603), and this is the short-term range of the token.

AGT surged to a new high against Bitcoin, up 4.2%, as strength extends in pairs ahead of a consolidation that is tightening around key technical levels.

The AGT token, in combination with TetherUS (USDT) on Binance perpetual contracts, has just finished a significant bullish retest, breaking out of a descending trendline which had been holding price action down over the last month. The token has displayed renewed strength after a period of consolidation, capturing market attention as it now operates above a pivotal support level, opening up the potential for further gains within the 4-hour time frame.

At the time of writing, AGT was trading at $0.005362, up 3.5% in the last 24 hours. The token's performance against Bitcoin also got a boost with a 4.2% gain to 0.074944 BTC. Technicals show the token trading range-bound, with support at $0.005108 and resistance at $0.005603. These levels now determine the near-term direction for AGT as market participants decide if the bullish breakout has more legs.

Price History and Chart Context

The chart structure provides a clear picture of AGT’s journey across recent months. Price action in July began with a sustained decline that extended into August, following a long-standing descending resistance line. This trendline acted as a ceiling, preventing upward movement and directing the token into lower ranges.

However, the pattern shifted as AGT attempted multiple rallies in August. Despite pullbacks, the market consistently respected certain support zones. By the final week of August, the token pressed once more against the descending trendline. Unlike earlier attempts, this time AGT managed to break above it.

This move was significant because it marked the first decisive close above the line since July. Following the breakout, the token did not continue upward immediately. Instead, it retraced to retest the breakout level. Importantly, the retest held successfully, which is why the current market view highlights a completed bullish retest pattern.

Support and Resistance Structure

Support and resistance levels define the immediate scope of AGT’s price movement. The primary support lies at $0.005108. This level has seen repeated tests, each reinforcing its relevance to market stability. When prices approached this point, buying activity consistently emerged, creating a dependable short-term floor.

Above, the immediate resistance level stands at $0.005603. Price action has been unable to break this barrier decisively in recent attempts. Resistance at this point continues to confine upward momentum. Traders often monitor such levels closely, as a decisive close beyond resistance can alter the market structure.Market participants noted that the retest aligned with the $0.005108 support zone, creating a confluence that added weight to the level. The combination of trendline validation and static support has now placed AGT in a position where both upward and downward movements hinge on immediate resistance and support interactions.