AMP Coin gains 20% – Where to Now?

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The coin had created its All-Time High in June 2021 and reached a price of almost $0.121 before falling down to a price of almost $0.0377 by losing more than 60% of its value. At the time of writing this article AMP is being traded at a price of $0.067. The price has almost increased by 20.82% today. In this month alone the price has increased by 37.09%.

The Total volume at the moment is $159,022,651 with a decrease of $36.76 in the last 24 hours. The coin is listed on coinmarketcap on the 92nd spot and has a market dominance of about 0.05%.

Technical Analysis

Amp has been continuously printing higher highs. The price is respecting the trend line from where it has bounced from multiple occasions on the weekly time frame. Even on the monthly time frames, we can see very clearly how the price has respected the trend line and has continued to move upwards. We can see that the price wicked very high but it wasn’t able to sustain itself and fell down aggressively which created a higher low and didn’t break the structure of the price movement.

Amp when dropped created a new order block. Seeing how the price this week has gained momentum, it can be said that it would tackle the order block again. A 50% mitigation of it can be expected by the price from where a possible reaction can be expected.

Amp (AMP) - Weekly

Overall the price is bullish on higher time frames. If the price reaches the order block then new confluences would show where the price can move then. If it holds then we can expect Amp to move higher. If it faces rejection we can expect the price to dropdown.

Long Term Price Prediction – Amp

Wallet Investor thinks that Amp is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year Amp will reach a value of $0.1035. In a five-year plan, the price is expected to reach a value of $0.313.

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