- AmpleForth coin price is currently in an upside trend rally and may place itself above the $1. In contrast, the asset is up by more than 0.28%
- Technical indicators of the Ampleforth suggest an upside momentum in price. Meanwhile, AMPL/BTC pair has seen a pump of more than 8% in the past 24 hours.
Why To Invest In AMPL Coin?
Ampleforth coin is currently looking for a strong upside trend and can soon see a new high in the future. AMPLE cost is currently near the value of $0.98 and has seen a pump of more than 0.828%. There is 395,345,189 supply in the market, and there is currently 35% circulating supply in the market. The asset has an ROI of more than 3.5%., Ampleforth does not have a fixed minimum or maximum supply. Instead, the number of AMPL tokens in circulation will continue to grow if the price stays above $1, whereas it will continue to shrink below if it’s $1. Ampleforth, supply remains unaffected by inflation or any other factors. Meanwhile, it is uniquely positioned as an asset that can maintain its purchasing power against other assets. This is what makes it an attractive hedge against crypto and fiat assets.
AmpleForth is currently placed 362nd in the cryptoverse and has a market dominance of more than 0.001%. The asset volume is up by more than 22%, which may push the price. The volume to market cap ratio of the coin suggests an upside trend for the future.
Technical Indicators Of AMPL Place Itself In The Oversold Zone
The weekly technical chart of Ampleforth hints towards a strong upside momentum. On coming to the daily chart, the coin is trading in an upside parallel channel. The upside trend of the AMPL might face a setback near $1.5. Meanwhile, a bounceback near $0.6 can be seen. AMPL is currently trading below its major moving average and can soon jump above it in the future.
Conclusion
Ampleforth is currently in an upside trend and can jump to a new high in the future. AMPL/BTC pair can also see strong momentum in the future. One should do their due diligence before investing in the Ampleforth.
Technical Indicators
Major Support: $0.58
Major Resistance: $1.8
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.