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26 January 2022
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Amp Price Analysis: Will AMP Coin Price Break Below The Threshold Of $0.04?

  • Amp coin price has been on a downtrend for the past few days and might hit a new low in the upcoming days. In contrast, the coin price has seen a loss of more than 2% in the past 24 hours
  • AMP price might hit a new low before reverting to a new high in the future. Meanwhile, the AMP/BTC pair is down by more than 1.14% in the intraday session

Why Invest In AMP Coin?

AMP crypto price has been on a downside trend due to the fall in the overall market in the past few days.AMP cost price is currently exchanging close to the value of $0.051 and has seen a loss of more than 2% in the intraday session.

The organization has been named as the most recent computerized insurance token contribution moment and undeniable affirmations for any sort of resource or new exchange in the given organization. The symbolic means to offer an executable and furthermore new highlights later on. It is undeniable collateralization through an arrangement of security and different highlights.

The asset market dominance alongside the market cap has been seeing a continuous downfall and can soon hit a new low in the future. AMP coin value volume has also been a downside surge. AMP/BTC pair can likewise see another high later on. One can put resources into AMP according to their requirements and hazard limit.

AMP Coin Price Bears Are Waking Up From Hibernation

Source: Trading view

The weekly technical chart of the AMP price suggests a strong bearish trend in price and can soon hit a new low in the future. On the daily chart, the asset price is currently in a downside trend and can soon see a new low in the future. The upside trend of the AMP coin might observe a hostile region near the value of $0.01. The support of the coin can be seen near the value of $0.03. The asset price has been trailing below the 50 and 100 Daily Moving Average. The 50 DMA is currently near the value of $0.0522  acting as a temporary hostile region for the price. There is a strong bullish engulfing pattern formed in assets and can soon see a new high in upcoming days. If the coin price drops down below the level of $0.09 then a strong downside trend can be seen. AMP/BTC pair can also see a strong upside trend in the future.

Conclusion

AMP coin price has been seeing a bearish trend due to the fall in the overall market scenario. AMP/BTC pair might also see a downside trend in the future.

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Technical Levels

Major Support:$0.03

Major Resistance:$0.09

News Source

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