Amp Price Prediction for Today, January 7 – AMP Technical Analysis

The Amp price prediction shows that AMP may continue to show a bullish movement if the market rises above the $0.0040 level.

Amp Prediction Statistics Data:

• Amp price now – $0.0036
• Amp market cap – $151.4 million
• Amp circulating supply – 42.2 billion
• Amp total supply – 99.2 billion
• Amp Coinmarketcap ranking – #292

AMP/USD Market

Key Levels:

Resistance levels: $0.0045, $0.0050, $0.0055

Support levels: $0.0025, $0.0020, $0.0015

AMP/USD is showing positive movement at the time of writing as the coin aims to cross above the 9-day and 21-day moving averages. According to the technical indicators, the price of Amp still has to spike near the upper boundary of the channel and traders can expect a bullish movement in the next positive moves.

Amp Price Prediction: Amp Price Will Shoot to the North

The daily chart shows that the Amp price is attempting to create a new positive trend, and traders may expect a bullish continuation toward the upper boundary of the channel which could touch the resistance level of $0.0040. Similarly, the technical indicator reveals that the 9-day MA may need to make a bullish cross above the 21-day MA. However, any additional bullish movement may locate the potential resistance levels at $0.0045, $0.0050, and $0.0055 in the long term.

Furthermore, if the Amp price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if AMP/USD withdraws back below the lower boundary of the channel, and this could roll the coin back to the support levels at $0.0025, $0.0020, and $0.0015.

AMP/BTC Trades Bearishly

Against Bitcoin, the Amp price keeps moving bearishly as the coin trades under the 9-day and 21-day moving averages. Meanwhile, if the coin touches the nearest resistance level of 2200 SAT, it may begin to consolidate if the technical indicator moves in the same direction. However, if the bulls increase the pressure, the market price may continue the bullish movement.

Nevertheless, if AMP/BTC falls below the lower boundary of the channel, it may bring the coin to the nearest support at 900 SAT, and any further bearish movement could lower the price to the support level of 850 SAT and below. Nevertheless, if the coin begins to follow a bullish movement by crossing above the 9-day and 21-day moving averages, traders could see a bull run to the resistance level of 3500 SAT and above.

Alternatives to Amp

Currently, the Amp price hovers around the $0.0036 level, poised to surpass both the 9-day and 21-day moving averages. Within the ascending channel, the nearest resistance stands at the $0.0040 level, indicating growing bullish momentum. Furthermore, should the market advance, further resistance is anticipated near the upper boundary of the channel.

Nevertheless, Amp coin is enjoying notable achievements with a market capitalization of $151.4 million. Although its market presence might seem modest due to its size, Bitcoin Minetrix’s presale valuation indicates the potential for significant growth ahead. Even during its initial presale stage, $BTCMTX has garnered a commendable $7.7 million, showcasing strong investor confidence in its promising future.