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Amp Price Analysis: AMP Coin Shows Sustainability as Oscillators looks Weak

  • The AMP coin price is positive, around 3.3% during intraday.
  • The 24-hour trading volume is at $31 million.
  • AMP/BTC pair is trading positive by 3.6% at 0.00000090 BTC.

The daily technical chart and price trend of AMP coin show a bullish trend. Based on the pivot point, the first support zone is 0.0390 USD. Another way to watch it is that if it rushes, the resistance level to look at is 0.0604 USD. Therefore, the chart created a Doji star candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost struggles at the red ribbon. This guarantees a rise in AMP until it is above the ribbon.

Trading volume (17.238 M) is below the 20-day moving average (64.418 M). The volume is low, so the cost is at the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.

The Stochastic RSI (bearish) with a value of K-55 D-51 provides a sell signal in currency. Investors can observe steep index slopes and positive crossover, which can stay in the positive realm for future trading sessions.

Long-Term Perspective of AMP Coin Price Trend

The weekly technical chart and price trend of AMP coin show a bearish trend. Based on the pivot levels, the support zone is 0.0409 USD. From another perspective, if it rushes upwards, the resistance level to look for is 0.0944 USD. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Today’s Amp is priced at $0.04947792 and have a 24-hour trading volume of $31,805,149. The price of AMP has risen 3.3% in the last 24 hours. The circulation of AMP coins is 48 billion, and the total supply is 99.4 billion. The Stochastic RSI points to a selling signal, and the traders have prompted high volume. In fact, the cost is sustaining at the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $0.0604 & $0.0944

Support Level: $0.0390 & $0.0409

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.