(Chart by TradingView)
Past mid-May, SingularityNET's alligator for Bitcoin seemed to have walked down to ₿950 Satoshi or less. From there it slowly walked up in search of food until now.
Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator has been in a bullish position for quite some time. This indicates that the price of this asset has been consistently rising.
Subsequently, the stochastic Relative Strength Index (RSI) oscillator began to enter neutral territory. In other words, the market price of this asset begins to match its intrinsic price.
And now we see the alligator beginning to close its mouth, albeit still slightly open to the upside. Is it starting to get ready for bed?
Let's continue our adventure with this SingularityNET alligator against Bitcoin.
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