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Amp price is escalating, but a break above USD 0.0081 could pull the coin towards USD 0.0090 in the coming trading sessions.
Amp Price Prediction 2024: AMP faces challenges after March peak
In March, the Amp (AMP) token experienced an extraordinary rise to become one of the best-performing cryptocurrencies on the market. This rapid rise marked an impressive increase of over 1,000% from the 2023 low, significantly increasing the market capitalization.
Amplifier Prediction Statistics:
- Price of the amp now: $0.0051
- Market cap of amplifiers – $209.4 million
- Barely circulating supply – 42.2 billion
- Total supply Amp – 99.21 billion
- Amp Coinmarketcap Ranking – #236
AMP/USD market
Key Levels:
Resistance levels: $0.0095, $0.0100, $0.0105
Support levels: $0.0025, $0.0020, $0.0015
AMP/USD is currently trading around the $0.0051 resistance level after hitting the daily high of $0.0081 in the early hours of today. However, this could easily pave the way for gains above the channel’s upper limit. If the 9-day moving average moves above the 21-day moving average, the market may show that the bullish grip is strengthening.
Amp Price Prediction: Amp (AMP) may be ready to move higher
Amp price is currently hovering within the 9- and 21-day moving averages, following a major recovery from $0.0081. This shows that buyers can gain the upper hand in the price movement, and they can easily push the coin towards the potential resistance at $0.0095, $0.0100 and $0.0105. In other words, if the buying action doesn’t break above $0.0080, AMP/USD may settle for consolidation instead.
However, it is time for buyers to increase their confidence in the recovery as $0.0085 is still attainable. Therefore, if the bears push the coin below the lower limit of the channel, the support levels of $0.0025, $0.0020 and $0.0015 could be reached.
AMP/BTC consolidates
Against Bitcoin, Amp price remains within the 9 and 21 day moving averages while the coin retreats below the daily high of 1273 SAT. However, if the market price eventually closes above the upper limit of the channel, traders can expect a bullish move in the long term.
On the contrary, any bearish move towards the lower limit of the channel could likely meet the key support at 500 SAT before falling to 410 SAT and below, while the buyers may have to push the market towards the potential resistance at 1500 SAT and above if they increase the purchasing pressure.
Meanwhile, @JavonTM1 shared with his 40,000 followers on X (formerly Twitter) that $AMP remains stable, with a breakout target of $0.07048 in sight. This indicates a potential upside of over 1,098% from current levels, with developments underway to achieve this target.
$AMP remains here with a breakout target of $0.07048, meaning a run of over 1.098% from here to reach this target could still be possible and developing… https://t.co/eN3W6nREV2 pic.twitter.com/TPq1BasYs2
— JAVON⚡️MARKS (@JavonTM1) June 22, 2024
Alternatives to Amp
At the time of writing, Amp price is hovering around $0.0051, aiming to regain the critical resistance level at $0.0081. Within the channel, the nearest resistance is at $0.0085, indicating growing bullish momentum. Should the market advance, further resistance above the upper limit of the channel is expected. Meanwhile, Amp Coin boasts a market cap of $209.4 million. While its market presence may seem modest given its size, PlayDoge’s pre-sale valuation indicates significant growth potential in the future. Even in its initial pre-sale phase, $PLAY has raised an impressive $4.98 million, demonstrating strong investor confidence in its promising future.
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