![]() Over the daily chart, the price of AMP is declining inside a descending triangle pattern. MACD exhibits the consolidation phase of AMP coin. Investors in AMP can anticipate any direction change as soon as the token exits the oversold zone. Since it hasn’t indicated for so long, the RSI, which is at 20 and trying to recover, may be observed below a downward trendline. Technical indicators point to AMP coin’s demise.Īccording to the Relative Strength Index, AMP is attempting to recover from an oversold area. To avoid falling into the bearish trap, AMP must break free of the pattern. Currently, the token is trading in a dire condition that might either make or break it. The price of AMP is attempting to break free of the descending triangle pattern. This demonstrates that bears are currently in charge of AMP’s trade, and bulls must build up to prevent AMP from collapsing. However, during the intraday trading session, trading volume increased by 5.72%. The current CMP price of AMP is $0.00605, and in the previous day, it lost 0.55% of its market value. The other altcoins started surging bearishly over the chart as they also struggled to attract buyers. As Bitcoin struggles to maintain the rising momentum in order to exit the consolidation phase, it is currently slipping below the psychological mark of $30000. The circumstances of the prolonged bear market are the reason why AMP currency has been declining for so long. Investors in AMP must watch the daily chart for any directional changes. Bears are attempting to pull the token for a breakdown, though. The token is being pushed upward by AMP bulls. ![]() ![]() The pair of AMP/BTC is at 0.0000003052 BTC with an intraday gain of 1.26%.AMP crypto stands at 116th position on CoinMarketCap and is currently approximated at $0.00605.AMP price is looking for a support to register its recovery phase over teh daily price chart.Investors looking for more crypto news for Wednesday should keep scrolling. You can check out where the crypto is expected to head in 2021, 2025, and 2028 by following this link.ĪMP is up 131.5% over a 24-hour period as of Wednesday morning. That means the AMP crypto could continue to rise as more traders take interest in it.Ĭrypto investors interested in the future of AMP might also be wondering about price predictions. That makes sense as more investors are adopting the cryptocurrency now that it’s available on a more widely used platform. Since listing on Coinbase, the price of Amp has been steadily rising. Now let’s take a look at why AMP is going up. This has it joining a growing list of tokens that are based on Ethereum. That’s because AMP is a crypto that’s based on ETH. Of course, we can’t talk about AMP without bringing up Ethereum (CCC: ETH-USD). It’s also worth pointing out that there is a fixed value of AMP in circulation to protect it from volatility. That means it can be used to cover any financial transactions that go awry if the need arises.Ĭurrently, the crypto is partnered with several services, such as Flexa, CoinGekco, Gemini, Sushi, and Uniswap. The cryptocurrency is currently used in this role to support the Flexa Network. AMP is a form of cryptocurrency that acts as collateral.
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