Can AMP Crypto Reclaim Highs This Month?

Amp crypto price is hovering back and forth showcasing a neutral outlook over the charts. The crypto started off the week with an intent to extend its trajectory on the higher side after forming a strong green candlestick yesterday. 

However, the sellers made a comeback in the afternoon session and dragged the price lower snapping off the morning gains. At the time of writing, the AMP crypto was at $0.0038, reporting a negative development of 1.15% in Intraday. 

Looking closely over the daily charts, it was observed that the crypto is approaching slowly and steadily on the higher side taking support from a trendline support as well. Moreover, on the lower side, the 20-Day EMA is also acting as a dynamic support for the crypto and preventing it from sinking lower. 

Amp Crypto Volume Analysis

The volume analysis shows that the crypto received $14.482 Million volume in the past 24 hours with a hike of 136.5% as compared to the previous day. The live market capitalization of Amp crypto is $163.91 Million and ranks 294th in the overall crypto market. It has a circulating supply of 42.27 Billion against a total supply of 99.21 Billion tokens.

Amp Crypto Short Term Outlook

Now, until the Amp cryptocurrency trades comfortably above the 20-Day EMA and a trendline support it may maintain a positive outlook and keep on attracting buyers at the lower levels. 

On the lower side, the 20-Day EMA and a positive trendline are acting as support. The price currently hovers in a bullish territory and may reclaim the higher supply levels if it receives buying volume inflow.

On the higher side, the $0.0042 level is acting as a major hurdle for the buyers. Fresh upside moves may be observed on the charts if the price breaks above the recent supply zone. 

On the contrary, if the crypto breaks below the 20-Day EMA and trendline it may invalidate the trendline as a support and further potential on the higher side in the short term. Thereafter, the price may experience fresh moves on the lower demand zones till the $0.0032 and $0.0030.

Amp Price Prediction February 2024

As per the most positive view of our analysts, the AMP crypto has some more room on the upper side and could reach $0.0042 by the end of February month if it sustains above the trendline support. On the flip side, the downside view of analysts hopes for a breakdown below the 20 day EMA and trendline support after which the crypto may drop to $0.0032. 

Amp Price Prediction 2024

The price forecast for the year 2024 highlights that the AMP token price could reach a high of $0.0064, suggesting a potential gain of over 67.15%. Moreover, the bearish outlook of the analysts hopes the price could reach $0.0052 by the year-end.

Amp Price Prediction 2025

By the year 2025, the AMP price may attain $0.0095 as the highest price. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.0067.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.