Amp coin has been trending as it is one of the best performers in the weekly timeframe. The cryptocurrency has been struggling with the bears in the past week as it tried to embark on an uptrend. After various tries, AMP coin shot upwards in the past twenty-four hours and reversed many of the losses incurred during the bearish market. At the time of writing, Amp crypto stands at a price level of $0.068. The price of the cryptocurrency has increased by 37% in the past twenty-four hours while the weekly performance shows a growth of 63%. The daily trading volume of Amp coin has shot up by a staggering 700%.

Amp coin technical analysis

The market sentiment for Amp coin is strongly bullish as indicated by the strength of the uptrend. Out of the total seventeen technical indicators, eleven are standing at a position of buy with six indicators giving out a signal of neutral while the sell indications are zero.

Per the Bollinger Band analysis, Amp crypto had broken out of the bands as the bands expanded due to the bullish divergence in the market. However, would the bullish momentum remain or end? In the four-hour timeframe, the cryptocurrency may indicate an end of the bullish momentum. The recent candle formed by Amp is bearish. Further price movements will be required to confirm the downtrend of the cryptocurrency but it does appear like the more likely option.

Amp coin price prediction

Amp is a digital collateral token currently operating on Flexa Network where it is utilized as collateral for stablecoins. Amp coin can be considered as one of the best bets in the market being the thirty-third largest cryptocurrency with a market cap of nearly $3 billion. The future projections for the cryptocurrency are hopeful. Wallet Investor estimates the token to be operating at $0.137 in a year’s time while the five-year forecast places it at $0.50. Per the estimates of Digital Coin Price, Amp crypto will end the year with a price level of $0.10 and reach towards $0.244 by 2026.