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- 1 AMP price signifies a bullish momentum and is decisively holding gains.
- 2 Trading volume witnessed a significant surge replicating the investor interest.
The Amp token (AMP) crypto price is in the bullish region and has been displaying bullish waves for the past sessions. Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token has given a golden crossover and has surged over 160% this month, replicating the bull accumulation.
At press time, the Amp crypto (AMP) price was trading at $0.01200 with an intraday gain of 12.12%, indicating neutrality on the charts. It has a monthly return ratio of 217.89% and 173.20% on a yearly basis. The pair of AMP/BTC is at 0.000000186 BTC, and the market cap is $1.09 Billion. Analysts are neutral and suggest the AMP price will attain pullback and may retest the $0.02500 mark soon.
Can AMP Crypto Trigger Reversal, Buyers Remain Active
The chart showcased an impressive up move of over 150% and the token has escaped a crucial hurdle of $0.01000 which trapped the sellers. Afterward, the token persisted in ruling the pullback and is now displaying follow-on buying momentum. For the past few weeks, there is average trading volume and price consolidation was there. However, this month, the token has loaded rewards for the investors and sharp buying momentum with volume surge was noted.
The trading volume noted a surge of over 251% to $101 Million and the price surged over 12% in the last 24 hours.
Price Volatility On Peak, Sign Of Accumulation?
The above data shows that the price volatility took surged over 310% to 0.306, reflecting curiosity among investors and their willingness to buy the token. Additionally, the volatility impact led to a price surge, which confirms the bull accumulation. Conversely, the total weighted sentiment declined over 20% to a negative value of -1.181.
What Does AMP Convey On Social Dominance Data?
Per the Santiment data, the token is signifying an up move in the social dominance data and the value noted an uptick. The data rose to the value of 2.38%, whereas the social volume value increased to 465. However, the development data noted a drop and slid to 36.3k this week.
AMP Crypto Delivers Whales Activity, What Does It Mean?
The data replicates total supply held by whales which noted a significant surge this month. The percentage value of whale activity surged to 56.46, a surge of over 8% this week was noted.
The Relative strength index (RSI) curve stayed in the overbought zone and signifies a positive divergence on the charts. Moreover, the market cap witnessed a notable surge of over 30% to $1.01 Billion. The total supply of the Amp token is 99.45 billion, whereas the volume to market cap ratio is 0.0923.
Summary
The AMP crypto price signifies a notable upmove of over 120% and rolled above the crucial hurdle of $0.01000. Moreover, the token has gained pace and is ready to skyrocket toward the upside of $0.02500 in the coming sessions.
Technical Levels
Support Levels: $0.01150 and $0.01000
Resistance Levels: $0.01280 and $0.01370
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
