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The Amp price surged 243% in the last 24 hours to trade at $0.0135 as of 03:32 a.m. EST on trading volume that skyrocketed 8,168% to $915 million.
This comes as Ampera continues to draw in huge partnerships. The most recent one with Anvil brings clarity to AMP serving both as the collateral token for Flexa and as a governance token for the newly launched LOC protocol (Ampera), says Floating Ratio on X.
I'm happy to see more clarity is on the horizon with the announcement of @anvil_xyz . Looking back, it always seemed like a complex arrangement to have $amp serve both as the collateral token for Flexa and as a governnce token for the newly launching LOC protocol (Ampera). pic.twitter.com/AuJQoopoXP
— Floating Ratio (@floatingratio) February 28, 2024
Amp Price Gears Up For More Bullish Momentum
The Amp price shows a dramatic uptrend after experiencing extensive consolidation at the beginning of March, as the bulls and bears struggled around $0.005. This level also acted as the main support zone, which aided the bulls in driving the price upward.
The bulls encountered resistance when the price reached the $0.02 level, with the bears exerting some pressure to force the retrace back to the current price.
AMP is trading well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish momentum to the upside. Additionally, the Relative Strength Index (RSI) is trading downward from the overbought region, currently at 61, which coincides with the current retrace.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), forming a bullish crossover. A bullish crossover may bring on more investors, as it is a signal for the bulls to add to their positions as the price will soar even more.
The green bars on the histogram also show positive momentum as they extend over the zero line. The strong bullish trend is further supported by the Average Directional Index (ADX) moving to the north at 78.
Amp Price Prediction – Bulls Aim For $0.035
Bulls are preparing for another bull rally above the bullish pennant. The support zone at $0.005 and the golden cross at $0.0051 offer support for further upside potential. Additionally, the MACD translates to a bullish crossover, which encourages investors to buy more. These factors may push the price higher, with the target set at $0.035.
However, the RSI seems to be retracing from the overbought regions, which may be a signal for a looming price correction as the selling pressure intensifies. In this scenario, the bulls may be forced to find their footing in the $0.006 support zone.
As the AMP crypto price bulls prepare for another rally, traders are also flocking to Smog, a new meme coin that is challenging BONK, WIF, and MYRO for supremacy on Solana.
Smog Token Poised To Be The Next Big Solana Meme Coin
The Smog (SMOG) token continues to draw in a huge following, and it’s the top performing meme coin in the past week with a 145% pump. Smog’s audacious ambition is captured by its slogan, “One meme coin to rule them all.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The team promises the biggest giveaway in history via an upcoming airdrop for which it has allocated 35% of the 1.4 billion token supply.
Buy And Stake $SMOG, Collect More Points For The Airdrop
To qualify for the airdrop, you can simply buy and hold $SMOG. You can also qualify for more airdrop tokens by joining Smog’s socials and participating in daily tasks managed by Zealy. Airdrop members on the platform have already completed over 1.8 million quests.
You can also earn passively on the platform by staking your $SMOG tokens for a 42% annual percentage yield (APY).
Still Rallying
Smog continues to rally and is currently trading at $0.2778, as per Geckoterminal.com, with a market capitalization of $216 million. It has now accumulated over 75,000 holders.
According to Jacob Bury, a prominent crypto YouTuber, Smog still has the potential to soar 100X. That’s in part because of the airdrop and in part because the token is primed for imminent additional listings on top tier exchanges that are likely to create a huge new buzz around the coin.
It is best to buy Smog on the official website here because then you get a 10% discount to the market price.
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