- AMP token shows a bullish crossover of the 20 and 50- day EMA
- The AMP/BTC pair was trading at 0.000001974 BTC with a gain of 14.71 %
- The 24hr trading volume in AMP token is $108.2 Million
The AMP token price has shown an amazing 100% price recovery after getting bounced from the $0.04 support. The new rally has already knocked out several strong resistance levels in its way, and currently, it’s trying to sustain above its last breakout from the $0.076 also the 0.382 FIB level. Therefore, if the price manages to sustain above this level, it will provide an excellent long opportunity for AMP traders.
Concerning the EMA’s, the AMP token shows a bullish trend as the price is trading above the crucial EMA’s 20, 50, 100, and 200. In addition, the chart also shows a bullish crossover of the 20 and 50 EMA, which could attract even more buyers to the token.
The RSI (BULLISH) value is at 70, indicating a strong bullish momentum in the token.
AMP Token Crypto Chart In The 4hr Time Frame
The AMP token chart shows the price is struggling to cross the traditional pivot level (R2) in the 4hr time chart. However, on 26th July, the price reversed precisely from this level, and after a minor pullback, now the price is ready to take another chance. Therefore, the AMP token should have a clear road to the $0.92 mark if the price manages to break out from the level.
The MACD indicator (BULLISH) shows that both the MACD and signal lines are moving higher to the neutral zone(0.00), indicating bullish momentum in the token. However, the indicator also has a bearish divergence in the RSI line, showing some weakness in the bullish momentum.
Conclusion: From the technical perspective, the price shows an impressive bullish rally in the AMP token. However, as mentioned above, the price is struggling to break out from the R2 pivot level, and AMP traders should wait for a breakout of this level, which could provide them an excellent target to the $0.92 level.
Support– $0.92
-traditional pivot level R2
Resistance– $0.769