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AMP Price Analysis: AMP Token Surges 10% From The $0.040 Support

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  • The AMP token price breaks above the 55-EMA during intraday
  • The 24-hour trading volume is at $198 million.
  • AMP/BTC pair is trading positive by 7.5% at 0.00000081 BTC.
Source: AMP/USD on TradingView

Moving Average (EMA) In the AMP Token Daily Price Chart, which contains 8,13,21,55 EMA, it acts as a reliable support for currency price movements. Investors can find that prices are trying to break the yellow line and guarantee an uptrend for AMP as long as prices are above the moving average.

Trading volume (45.211 M) is above the 20-day moving average (59.285 M). The volume is high and increasing, so the cost increases. Investors may also notice an increase in volume. This indicates that unusual volatility is common on the following trading days.

AMP Token Price Heading Towards The Resistance Gradually

Source: AMP/USDT on TradingView

The daily price chart of AMP token is on the rise. Depending on the price movement, the support range is between $ 0.040 and $ 0.042. On the flip side, the resistance area that you should be looking for is at $ 0.060-0.062.

The RSI showed a signal of 56 (bullish) with a short term buy forecast. Investors may find that the indicator’s RSI line rises. This can happen in future trading days.

The MACD shows a (bullish) cross above the signal line on November 01, indicating a buy signal for the currency. In addition, investors can see the beginning of green bars in the histogram indicator.

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Conclusion

Today’s Amp Price is $0.050398 on a 24-hour trading volume of $198,953,046. AMP prices have been up 9.3% in the past 24 hours. There are 48 billion AMP coins in circulation, making a total of 99.4 billion coins.

RSI and MACD indicate a buy signal. Traders have directed high volume. In fact, the cost has bounced from the support zone. A market overview also shows that this pattern will continue to rise in the coming trading days.

Resistance Level: $0.060- $0.062

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Support Level: $0.040- $0.42

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AMP

AMP Price Analysis: A Supply Squeeze May Hit $0.09 in Short-Term

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Source: AMP/USDT on TradingView

The daily technical chart and price action of AMP display an uptrend. According to the pivot levels, the primary support level is $0.04. On the other side, if it rushes up, the resistance level to follow is $0.09. Although the chart forms a Doji candlestick pattern within the day, it is predicted that the price may remain sideways with medium reliability.

The Zig-Zag framed a top of $0.12 on Jun 16. After that, investors can notice a massive correction of 68%, all the way low to $0.03. Now price levels are back around the range of $0.06 this week. 

The volume of (56.535) is below the MA of 20-days (83.77M). As a result, the volume is low, causing its price to hover around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The Schaff Trend Cycle indicator (bullish) with a 93.75 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.

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AMP Price Action Maintains a Healthy Consolidation Around Resistance

Today’s price of the AMP is 0.060654 US dollars, and the 24-hour trading volume is 48,301,268 US dollars. The price of AMP has increased by 1.0% in the past 24 hours. The circulation of AMP coins is 48 billion, and the total supply is 99.2 billion. The STC indicator shows a buy signal, and the traders have guided high volume. Technically, the price sustains around resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.

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