Based on our Amp forecast, it's now a bad time to buy Amp.ĭisclaimer: This is not investment advice. Amp recorded 15/30 (50%) green days with 8.85% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 22 (Extreme Fear). Investing in or trading crypto assets comes with a risk of financial loss.According to our current Amp price prediction, the value of Amp is predicted to drop by -3.61% and reach $ 0.004763 by October 14, 2022. The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. According to the Relative Strength Index, AMP is attempting to recover from an oversold area. ![]() Technical indicators point to AMP coin’s demise. As Bitcoin struggles to maintain the rising momentum in order to exit the consolidation phase, it is currently slipping below the psychological mark of $30000. The circumstances of the prolonged bear market are the reason why AMP currency has been declining for so long. Investors in AMP must watch the daily chart for any directional changes. Bears are attempting to pull the token for a breakdown, though. The token is being pushed upward by AMP bulls. Over the daily chart, the price of AMP is declining inside a descending triangle pattern. MACD exhibits the consolidation phase of AMP coin. Investors in AMP can anticipate any direction change as soon as the token exits the oversold zone. Since it hasn’t indicated for so long, the RSI, which is at 20 and trying to recover, may be observed below a downward trendline. Technical indicators point to AMP coin’s demise.Īccording to the Relative Strength Index, AMP is attempting to recover from an oversold area. To avoid falling into the bearish trap, AMP must break free of the pattern. ![]() Currently, the token is trading in a dire condition that might either make or break it. The price of AMP is attempting to break free of the descending triangle pattern. This demonstrates that bears are currently in charge of AMP’s trade, and bulls must build up to prevent AMP from collapsing. However, during the intraday trading session, trading volume increased by 5.72%. The current CMP price of AMP is $0.00605, and in the previous day, it lost 0.55% of its market value. The other altcoins started surging bearishly over the chart as they also struggled to attract buyers. ![]()
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