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AMP Bulls May Stay Above $0.065, Massive Gains on TAMA

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The Amp price prediction may lack short-term, but if the price rises, the coin is likely to face moderate volatility in the market soon.

Amp Prediction Statistics Data:

  • Amp price now – $0.0065
  • Amp market cap – $275.4 million
  • Amp circulating supply – 42.2 billion
  • Amp total supply – 99.2 billion
  • Amp Coinmarketcap ranking – #119

AMP/USD Market

Key Levels:

Resistance levels: $0.0085, $0.0090, $0.010

Support levels: $0.0050, $0.0045, $0.0040

AMPUSD – Daily Chart

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AMP/USD is currently trading around the $0.0065 level above the 9-day and 21-day moving averages. In the range of the descending channel, the closest support is located at $0.0060, with a close resistance at $0.0090. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel.

AMP May Go Bullish while TAMA Trades Positively

According to the daily chart, it is obvious that the Amp price may create more bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line may cross above the 50-level. Since a few days ago, the coin has been moving positively, aiming to break many upsides.

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Presently, the market is trading at $0.0065 within the channel, but any bearish movement below the daily low of $0.59 could lead the coin to a serious downtrend. However, the support levels for the coin could be located at $0.0050, $0.0045, and $0.0040, while the resistance levels lie at $0.0085, $0.0090, and $0.010 respectively.

When compared with Bitcoin, the support level of this range is built around 25 SAT. Technically, the market price is likely to head to the upside as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

AMPBTC – Daily Chart

However, if the Amp price slides below the moving averages, it could hit the support level of 20 SAT and below. Moreover, any bullish movement towards the upper boundary of the channel may allow the market to form a new upward trend, and this could reach the potential resistance level at 40 SAT and above.

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