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The AMC price has dipped by 19% in the past 24 hours to trade for $0.00000007277 as of 01:55 a.m. EST.
Historically, market watchers have often associated the AMC price with the Gamestop price.
$AMC 🍿 $GME 🎮As I continue to monitor the price movement today as expecting gap up or upside movement like May 24 or 30, it didn't happen today although today was 1st day of Swap Report Requirement (6/24 – 9/30) I don't know why but it does seem to delay to tomorrow. Also I am… https://t.co/Z6OKv6zXz0 pic.twitter.com/VzD7ndIOQP
— U-COPY (@UCopy417) June 25, 2024
Darren, an options and equities trader, observes that the AMC price has displayed a giant Descending Broadening Wedge on the macro timeframe.
$AMC macro is just a giant Descending Broadening Wedge.
The Levee has been set.
When it breaks, we go to Valhalla.
No sooner, no later.Weekly Squeeze is still building (longest build-up in the stocks history).
Expect more volatility, more crunching. pic.twitter.com/SP6dYcH6Ld
— Darren (YieldBOSS) (@DLewTrades) June 24, 2024
With this, he anticipates a big move once this pattern breaks. To some, the turnout is not a surprise, with the likes of The Weekly, a trader on X, alluding that he saw this coming. “…In short, if 86% of trading is happening off-exchange while someone is stuck in massive short positions, it’s a flashing siren. The stock is primed for a dramatic short squeeze, with hidden forces ready to unleash a torrent of volatility. Buckle up, the ride is about to get wild,” he wrote in a June 21 post.
A MUST READ IF YOU OWN $AMC or $GME
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨If you saw that 86% of a
stock’s trades are happening off-exchange while knowing someone is heavily short, brace yourself. Here’s why this is a massive red flag for hedges:1.🌊 Hidden Tsunami of Demand: Massive buying… pic.twitter.com/RpVe5O9KGN
— The Weekly (@WeeklyDemandAM) June 21, 2024
AMC Price Prediction
The AMC price is trading with a bearish bias on the four-hour timeframe, suppressed below a descending trendline. With the $0.00000007295 level barely holding as a support floor, the AMC price could break below it to continue the downtrend.
Looking at the 4-hour Relative Strength Index (RSI), there is a lack of conviction among AMC bulls. The momentum indicator is southbound, suggesting dwindling buying pressure. In a similar tone, its position below the mean level of 50 also points to a bear-dominated market.
If the RSI continues to fall, signifying increased bearish sentiment, the AMC price could slip below the critical support at $0.00000007295. In a dire case, the downtrend could extend to test the $0.00000005000 psychological level.
GeckoTerminal: AMC/USD 4-hour chart
On the other hand, the position of the Moving Average Convergence Divergence (MACD) above the signal line (orange band) suggests that the short-term moving average is above the long-term moving average, indicating a potential upward trend.
If the AMC bulls show resolve, they could recover the market, with the ensuing buying pressure setting the stage for an uptrend. Notably, only a stable close above $0.00000030275 would make AMC attractive to buy.
Meanwhile, as the AMC price works out its next directional bias, other investors are buying into the new meme coin presale Pepe Unchained (PEPU). YouTube channel 99Bitcoins says PEPU is one of the best cryptos to buy now and has the potential to soar 100X after its launch.
Promising Alternative To AMC
Pepe Unchained raised more than $150,000 within minutes of its launch and has since rocketed past $612K.
Pepe Unchained aims to follow in the footsteps of its predecessor, the original Pepe (PEPE). The frog-themed meme coin now stands as the third-biggest meme coin in the crypto market, boasting a market capitalization approaching $5 billion.
But it’s the first Pepe token to run on its own proprietary Ethereum Layer 2 blockchain. With this, the project is aimed at tackling the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum Layer-1 blockchain.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Being a Layer-2 (L2) blockchain meme coin, Pepe Unchained will allow investors to seize market opportunities with greater efficiency.
Specifically, you do not need to HODL(hold on for dear life) in anticipation of blistering returns. This is because there is a 3,614% annual percentage yield (APY) for staking PEPU tokens.
You can buy $PEPU tokens for $0.008032 each. With a price hike coming in just under 18 hours, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here.
Also Read:
- Meme Coin Whales Gobble Up Pepe Unchained ($PEPU) As ICO Rockets Past $500,000
- Pepe Unchained ICO Explodes With $150K Raised In Minutes, New Layer 2 Meme Coin To Watch
- Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)
- How to Buy Pepe Unchained – $PEPU Presale Review
- What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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