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Price action in the AMPUSDT daily market rose into the price region between $0.003500 and $0.004000 in December. This token has since hovered around this range despite headwinds. Prices in this market have taken an upward path over more recent trading sessions, and today’s session has delivered further price increases. Let’s delve in for more insights.
Amp Statistics:
Current AMP Value: $0.004577
Amp Market Cap: $191,415,266
AMP Circulating Supply: 42,227,702,186 AMP
Amp Total Supply: 99,213,408,535 AMP
AMP CoinMarketCap Rank: 292
Key Price Levels:
Resistance: $0.004577, $0.005000, and $0.005500
Support: $0.004500, $0.004000, and $0.003500
AMPUSDT Bulls Hit a Strong Barrier After Breaking the $0.004500 Mark
The AMPUSDT market gained bullish momentum about four sessions ago. However, the ongoing session and the previous one have delivered more significant profits. The last price candle on this chart suggests that headwinds are pushing back price activity, as indicated by the appearance of the upper shadow on this price candle. Nevertheless, the price candle stands at a significant distance above the Guppy Multiple Moving Average (GMMA) curves.
At the same time, the Moving Average Convergence Divergence (MACD) indicator lines are rising sharply upwards above the equilibrium level. The bars of this indicator can also be seen growing progressively taller above the centerline of the indicator. This signals that upside forces are strong in this market.
Amp Bulls Are Getting Pushed Back, but Maintain Prospect
Furthermore, the AMPUSDT 4-hour market has revealed that downward forces are exerting a significant amount of pressure in this market. Here, it could be perceived that prices have been forced to contract considering the reduction of the Amp token’s price from the daily chart to the 4-hour chart.
However, the ongoing session continues above the GMMA lines. Likewise, the MACD indicator bars retain a steep upside bearing, with no crossover in sight. As a result, traders can still make use of bullish crypto signals with targets around $0.004700 but should use a good risk management plan.
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