AMP/USD Bracing up as Price Touches $0.0050 Level

The Amp price prediction shows that AMP manages to maintain its position as the bulls maintain the desire to shoot to the upside.

Amp Prediction Statistics Data:

• Amp price now – $0.0049
• Amp market cap – $209 million
• Amp circulating supply – 42.2 billion
• Amp total supply – 99.2 billion
• Amp Coinmarketcap ranking – #138

AMP/USD Market

Key Levels:

Resistance levels: $0.0060, $0.0065, $0.0070

Support levels: $0.0035, $0.0030, $0.0025

After moving near the 9-day moving average, AMP/USD still undergoes a much-needed break to the positive side by posting a tremendous gain of over 6.42%, with the bulls keeping the coin above the 9-day and 21-day moving averages.

Amp Price Prediction: Where will AMP Price Go Next?

The Amp price may continue with the bullish movement after touching the daily high of $0.0050 during the European session today. The coin is now heading toward the upper boundary of the channel to continue the bullish movement. Looking at the daily chart, traders can see the trading volume is rising slowly as this may cause the bulls to increase the buying pressure.

On the other hand, if AMP/USD slide below the 9-day moving average, the price could hit the supports at $0.0035, $0.0030, and $0.0025. But as the Relative Strength Index (14) moves to cross above the 70-level, the coin could reach the potential resistance levels at $0.0060, $0.0065, and $0.0070 respectively.

Against Bitcoin, the Amp (AMP) begins to spike north as the coin moves above the 9-day and 21-day moving averages. On the contrary, if the sellers step back into the market, AMP/BTC could fall towards the nearest support level of 20 SAT while the critical support level could be located below the lower boundary of the channel at 18 SAT and below.

However, as the coin heads to the upside, any bullish movement, the coin may cross above the upper boundary of the channel which could find the resistance level of 27 SAT and above. Meanwhile, the coin is currently changing hands at 23 SAT and below as a spike in volatility may occur but the Relative Strength Index (14) is likely to cross above the 60-level.

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