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Amp has recorded a price increase of nearly 3% today. This crypto has been bullish recently and has attracted a headwind after testing the $0.00850 mark. Subsequently, this crypto has retraced toward support over three consecutive sessions, falling below the $0.00630 price mark. However, at this point, it appears that market bulls have started presenting some upside resistance to bears in this market.
AMP Analysis Data:
Amp value now: $0.00608
AMP market cap: $251,334,761
AMP moving supply: 42.23 billion
Amp Supply: 99.21 billion
AMP Coinmarketcap ranking: #145
Major Price Levels:
Top: $0.00608, $0.00658 $0.00700
Base: $0.00580, $0.00550 $0.00520
AMP Is Staging an Upside Price Recovery Move
On the daily AMP/USD chart, price action has pulled back above the Fibonacci level 50, at $0.00594. At this point, this market has been able to rise back above the 9- and 21-day EMA curves. By implication, traders can infer that the uptrend may have resumed. Also, the MACD indicator curves are still above the 0.00 mark of the indicator. Although the MACD bars are now pale green, indicating that upside momentum is waning, if buyers can make a significant impact in this market, the MACD curves will resume their upward path.
AMP Stays Consistent With Minimal Upside Gains
Coming to the 4-hour AMP/USD market, it could be observed that this crypto has remained consistent with recording little profit. The price candles that have appeared in this market over the past eight hours are green, and they have formed above the 9- and 21-day EMA curves. It could as well be seen that the EMA line has just delivered a crossover below price action in this market. Consequently, this indicates the onset of more upside movement in this market. Additionally, the MACD lines are rising towards the 0.00 mark, and the histogram bars are green, showing that upside momentum is significant at this mark. Therefore, traders can predict that price action in this market may rise toward the $0.00660 price mark.
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