AMP/USDT Wrestles Against Strong Headwinds

While the AMP/USDT market is barely holding on, it can be observed that the token is currently the second most profitable coin of the day. As a result, the token still appears formidable and may proceed upward toward higher price levels, despite recent rejections.

Amp Statistics

Current Price: $0.005012

Market Capitalization: $406.34M

Circulating Supply: 84.23B

Total Supply: 99.66B

CoinMarketCap Rank: 141

Key Price Levels

Resistance: $0.005500, $0.006000, $0.006500

Support: $0.004500, $0.004000, $0.003500

AMP/USDT Remains Focused on Reaching the $0.006000 Price Level

On the Amp daily chart, price action is still on an upward trajectory. Since the previous session, bullish forces have been driving notable upward movement in the market. The current session is also showing a green candle, although it has experienced significant pullbacks.

The corresponding price candle remains above the uppermost limit of the Bollinger Bands, despite the bands having contracted significantly. Additionally, the lines of the Moving Average Convergence Divergence (MACD) indicator can be seen continuing upward movement above the equilibrium level. The MACD histogram bars remain solid green, indicating that bullish momentum persists.

Amp Makes Effort to Stay Afloat

On the 4-hour chart, AMP/USDT price action has rebounded upward from the $0.005000 price level. This occurred after a minor retracement in the recent past. The most recent price candle is green, indicating renewed bullish activity. As a result, price action remains above the middle Bollinger Band.

Likewise, the Bollinger Bands are showing a slight upward trajectory. The MACD lines also remain above the equilibrium level, supporting the view that the market may already be rebounding. All signs suggest that this market could be heading toward the $0.006000 price level.

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