AMP/USD Price Rebounds Upwards By 2.82%

The price had moved by 2.82% today and has subsequently pushed it to the second spot on the daily crypto movers list. Since around April 16, price action in this market can be said to have been consolidating within a moderately wide range. Consequently, the price increases noticed today aren’t exceptional. However, let’s take a closer look at this market.

AMP Analysis Data
AMP Value Now: $0.003590
AMP Market Cap: $140,470,684
AMP Moving Supply: 42,227,702,186
AMP Total Supply: 99,213,408,535
AMP CoinMarketCap Ranking: 184

Major Price Levels:
Top: $0.003590, $0.003620, and $0.003670
Base: $0.003560, $0.003520, and $0.003480

AMP/USD Upside Rebound Stays Vulnerable

On the AMPUSD daily market, price action has taken a rebound off the lower limit of the applied Bollinger Band indicator. Nevertheless, this rebound may still be considered subject to a headwind, as price action remains under the middle band of the Bollinger Band. The Stochastic Relative Strength Index (RSI) lines stay progressive with their bearish crossover. However, following the recent price increase, the Moving Average Convergence and Divergence indicator curves seem to be approaching another upside crossover. Consequently, this may result in further price increases.

AMP/USD Price Movement Is Progressing Towards Notable Resistance

Moving on, price action on the AMP/USD 4-hour market looks rather progressive. Here, the last price candle has started testing the middle limit of the Bollinger Bands. At the same time, the Stochastic RSI indicator curve is at the initial stage of a bullish crossover. Likewise, the MACD curves too are converging for an upward crossover not too far below the 0.00 mark of the indicator. If bulls can press on concerning this trend upward reversal move, price action will break the resistance at the middle band of the Bollinger Band. Consequently, this will increase bullish momentum towards the $0.004000 price mark.

Buy AMP on eToro