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- 1 AMP crypto price is currently trading at $0.00518 with an intraday decline of 2.45% and a market cap of $218.32 Billion.
- 2 The crypto is trading above the key moving averages, showcasing bullishness.
The price of the AMP cryptocurrency is in a strong uptrend and is trading near the $0.0060 resistance line. Bulls are eager to overcome obstacles and reach new targets. The cryptocurrency price has increased by more than 46.88% in the past month. Price is trading above major moving averages, highlighting bullish momentum.
As buying volume increases, the price can create higher highs and new highs to maintain bullish momentum. Therefore, the AMP price is expected to move higher and remain strong on the daily chart.
At the time of writing, the AMP cryptocurrency was trading at $$0.00518 with an intraday loss of 2.45%, above the 200-Day EMA and indicating bullish sentiment on the charts. Moreover, the intraday trading volume is $22.15 Million. The market capitalization of AMP cryptocurrency is $218.32 Billion.
The oscillator signals that the current price is overbought. The price of the AMP cryptocurrency has risen slightly by about 3.82% over the past week and rose by 46% over the past month. The price action suggests that the cryptocurrency has broken multiple highs and indicates the strength of the bulls.
In the long term, the cryptocurrency has performed well, with a surge of about 105.16% in the last three months and about 180.98% over the last six months. The crypto’s performance over the year has also been outstanding, with the crypto up about 40.49% year to date.
Technical Analysis of AMP Crypto Price in 1-D Timeframe
Over the past few months, the price of AMP cryptocurrency has risen steadily and is currently attempting to stay at this level despite an unexpected surge.
If he maintains this level, the price of AMP may continue to rise and reach the first and second targets of $0.00600 and $0.00700 respectively. However, if AMP price fails to stay at this level and falls, it may reach the nearest $0.00411 and $0.00365 support level.
The AMP (USD: AMP) cryptocurrency currently trades above its 50 and 200-Day simple moving averages (SMA), supporting its price momentum. The current RSI value is 69.43 points. The 14 SMA is above the center line at 67.58 points, indicating the bullish nature of the cryptocurrency. The MACD line at 0.00040 and the signal line at 4.85 are above the 0 line. A bullish crossover is observed. The MACD indicator signals bullishness in the momentum of the AMP crypto price.
Summary
The technical indicators and oscillators are in favor of the bullish trend for the AMP cryptocurrency. MACD, RSI, and EMA indicators are showing positive signals, which indicates that the price may continue to rise. The price movement reflects optimism on the daily charts.
Technical Levels
Support Levels: $0.00411 and $0.00365
Resistance Levels: $0.00600 and $0.00700
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
