- AMP crypto price has been trading in a small range for the last few days.
- The crypto has outperformed 66% of the top 100 crypto assets in the last 1 year.
AMP token, built on Ethereum, collateralizes payments on Flexa Network, enhancing transaction speed and security. It’s an open-source, non-inflationary asset, ensuring fraud-free value exchange.
Flexa Network facilitates merchants’ digital asset acceptance, converting them to preferred fiat currency with AMP as the secure backbone. Co-created by Flexa and ConsenSys, it aims to revolutionize commerce.
The AMP crypto has very good liquidity, which can be seen by the volume/market cap ratio of 7.35% recorded in the last 24 hours from the time of writing.
The value of the traded volume in the last 24 hours further is $24.17M, resulting from an advance of 20.9% in the volume activity.
Although the volume witnessed a good surge, the market cap stayed static and witnessed a slight advance of 0.57%. This shows that although the traders are engaging in the crypto, they are not ready to buy it at higher prices.
Moreover, the crypto market cap ranking is #192 as per CoinMarketCap, and its market cap dominance is very low, resulting in 0.01%. This also results in a market cap value of $333.311M.
The volatility of the AMP crypto price is very high, resulting in 10.06%, while the sentiment of the crypto is supporting bulls as it is bullish. The fear and greed index further indicates greed, which is currently at 69.
At press time, 42% of the maximum crypto supply is circulating in the market. Also, the circulating supply of the crypto is 42.227B AMP.
The total supply of crypto is 99.213B AMP, and the maximum is 99.444B AMP. Moreover, it has a fully diluted market cap of $782.788M, and the number of token holders has also advanced over the last few days.
The all-time high price of AMP crypto was recorded three years ago, and the price has been unable to break the high since then. The all-time low price for the crypto was also achieved 3 years ago.
The price of the AMP crypto at the time of writing is trading between the all-time high and the all-time low price. The price also is down by 93.5% from its all-time high at press time.
Santiment Data Overview Of AMP Crypto
The Sentiment chart shows the advance in the total number of holders of the AMP crypto. The RSI is also following the rising momentum and has hit the level of 58. The RSI may also vary from the crypto technical chart.
Advancements in the holders further show the confidence of investors in the crypto.
What’s Inside The Technicals Of AMP Crypto?
The price of the AMP crypto is facing rejections from two dynamic trendlines, which has led to the formation of the symmetric triangle pattern.
The candlesticks formed on the crypto’s daily chart represent uncertainty in price as they are trading in a small range. This further shows the lack of volume in the crypto.
If the price of the crypto further breaks above or below the symmetric triangle pattern, the price might continue in the same direction, leading to a decline or advance in the price of the crypto.
AMP/USD Chart by TradingView
The Bollinger band has contracted during the daily crypto timeframe, and the price has hit the upper band of the BB. This further shows that the volatility in the price is advancing.
The price further needs to break above or below the Bollinger band for good momentum in the price.
The EMAs are trading in a golden cross of the 50-day and the 200-day EMA, while the price is currently trading at the 50-day EMA.
The MACD metrics also trade in the negative territory, while the MACD and the signal line trade in a bullish crossover.
The RSI has also started to decline from the 50-level and is taking rejection, indicating a further decline in the crypto momentum.
Summary
AMP crypto’s price faces uncertainty within a symmetric triangle pattern, lacking volume and direction. Despite advancements in holders and rising RSI, technicals suggest a bearish outlook.
Rejection from dynamic trendlines indicates potential for continued decline or advance, with Bollinger bands contracting, MACD negative, and RSI declining from the 50-level.
Technical Levels:
- Support levels: $0.0030 and $0.00460
- Resistance levels: $0.010 and $0.0130
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.