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- 1 The AMP crypto price was $0.0035, recording a slight gain of 0.43% in the past 24 hours.
- 2 The daily AMP price chart witnesses the formation of a descending triangle pattern over the daily chart.
The AMP crypto is struggling to register positive growth on Monday and hovers near the 200-day EMA on a 4-hour chart. The crypto seems to be hovering back and forth in a range-bounded zone and trying to form a descending triangle pattern.
At the time of writing, the AMP crypto price was hovering near $0.0035 with a swift Intraday rise of 0.43%. The crypto has a total market cap of $148.364 Million and ranks 279th in the overall crypto market. It has a 24-hour volume of 5.18 Million with a drop of 64.44% as compared to the previous day.
Yesterday, the price registered a negative growth and closed in red after suffering rejection from upper trendline resistance. The crypto hovers between the upper and lower boundary of the pattern formed and is unable to find a clear direction as of now.
Now, Fresh upside moves might be registered on the charts if the AMP crypto can break above the upper trendline support.
Amp Crypto Price Trend Analysis
The long-term outlook for the AMP crypto suggests a positive trend prevailing above all the key Exponential moving averages. The daily chart suggests that the AMP crypto reversed and turned bullish in November 2023. The crypto then made an onward movement to attain a high of $0.46 gaining a total of over 150%.
However, January month has been a roller coaster ride for the AMP crypto Investors. The price has turned volatile, hovering in a range-bound zone for the past couple of weeks.
The sellers are holding near an upper trendline resistance whereas the bulls have established themselves at the round level of $0.003 and prevented the price from falling further.
Now, fresh upside moves might be observed on the charts if the price breaks above the upper trendline resistance. The price may attain new highs if breaks on the upper side. The long-term trend is positive, which may support the trend if resumes on the upper side.
On the other hand, if the AMP crypto breaks on the lower side it may indicate the breakdown below the 50-day EMA, which may unlock the lower potential till the 200-day EMA.
Amp Price Prediction February 2024
As per the most optimistic view of our analysts, the AMP price could reach a high of $0.005 if it breaks above the upper trendline resistance. The bearish view of analysts is till the 200-day EMA if the price breaks below the 50-day EMA.
Amp Price Prediction 2024
The price prediction for 2024 shows that Amp crypto may advance to a high of $0.0066 by the end of 2024. The less optimistic analysts estimate a price target of $0.00513 by 2024 end.
Amp Price Prediction 2025
On the most bullish observation, Amp crypto could reach a high of $0.00912 in 2025. On the flip side, the most pessimistic prediction of our analysts is for the price to reach $0.00646.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
