AMP/USDT Clinches Minimal Gains But Breaches a Key Level

The AMP/USDT market has recorded only minor gains but managed to breach important technical levels. As of the time of writing, the AMP market registered a price increase of just 0.88%. Nevertheless, it ranks as the second most profitable token on the daily top crypto gainers list. Let’s examine how this market may evolve shortly.

AMP Statistics

Current Price: $0.003450

Market Capitalization: $316.39M

Circulating Supply: 84.23B

Total Supply: 99.66B

CoinMarketCap Rank: 146

Key Price Levels

Resistance: $0.003450, $0.003750, $0.004000

Support: $0.003200, $0.002950, $0.00270

AMP/USDT Extends a Modest Upside Retracement

The AMP daily chart reveals that price action continues to respect the support level at $0.003000. As a result, price activity has stayed above this level. The last price candle on the chart has risen past the middle band of the Bollinger Bands (BB).

Additionally, the lines of the Moving Average Convergence Divergence (MACD) indicator are rising steadily from a significant depth below the equilibrium level. The MACD histogram bars are green, indicating that bullish momentum remains strong. At this point, traders may anticipate a continued upward retracement in this market.

AMP Bulls Seem Headed for a Breakout

While the AMP/USDT market has posted only modest gains on the daily chart, the token’s 4-hour chart suggests that price action may gain further momentum.

The last price candle appears solid, green, and sizable, testing the upper band of the BB indicator. The MACD lines have also risen above the equilibrium level. Therefore, bullish momentum appears dominant and may trigger additional price increases toward the $0.003750 resistance level.

Make money without lifting your fingers: Start trading smarter today