There has been a fierce price battle in AMP's price on the daily chart, which caused a major formation in price structure, with bulls initially leading the way as the price surged from $0.00150 to $0.01690.
However, on March 14th, 2024, bears caused the market to be disrupted, resulting in a decrease in momentum for the bulls. As a result, bears took control and established new low and high points on the daily chart, resulting in the creation of a support level at the price of $0.00575. Afterward, the price remained stable at this important level for a few daily sessions.
The most recent price shows an increase from the $0.00575 support level on April 20th and suggests a slight resistance for bears, which could indicate a resurgence of bullish momentum.
Also, the AMP crypto is nearing the main resistance levels set by the 20-day and 50-day Exponential Moving Averages on the daily chart. At the same time, the RSI stands at 46.88, finding support on the 14-SMA, while the MACD is at -0.00036, showing a bullish crossover.
At present, the AMP price has risen by +0.38% from yesterday and was at $0.00791 at the current moment. In case the demand for AMP Network rises, it could experience a significant recovery from its current price point. The price might reach $0.01010 next, with a possibility of going even higher to $0.01200.
On the other hand, if the price of the AMP cryptocurrency falls below the $0.00575 support level, it could drop further and hit even lower levels in future sessions.
However, on March 14th, 2024, bears caused the market to be disrupted, resulting in a decrease in momentum for the bulls. As a result, bears took control and established new low and high points on the daily chart, resulting in the creation of a support level at the price of $0.00575. Afterward, the price remained stable at this important level for a few daily sessions.
The most recent price shows an increase from the $0.00575 support level on April 20th and suggests a slight resistance for bears, which could indicate a resurgence of bullish momentum.
Also, the AMP crypto is nearing the main resistance levels set by the 20-day and 50-day Exponential Moving Averages on the daily chart. At the same time, the RSI stands at 46.88, finding support on the 14-SMA, while the MACD is at -0.00036, showing a bullish crossover.
At present, the AMP price has risen by +0.38% from yesterday and was at $0.00791 at the current moment. In case the demand for AMP Network rises, it could experience a significant recovery from its current price point. The price might reach $0.01010 next, with a possibility of going even higher to $0.01200.
On the other hand, if the price of the AMP cryptocurrency falls below the $0.00575 support level, it could drop further and hit even lower levels in future sessions.