The AMPUSD Pair Establishes Its Footing Above $0.0025
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The AMPUSD pair has firmly established itself above the $0.0025 price level while aiming to reach its target of $0.003. The bulls are demonstrating their strength by successfully defending the $0.0025 price level and establishing it as a new demand zone. Their rejection of bearish pressure has propelled the market toward its desired price mark.
AMP Market Data
- AMP/USD Price Now: $0.00278
- AMP/USD Market Cap: $118,700,225
- AMP/USD Circulating Supply: 42,227,702,186 AMP
- AMP/USD Total Supply: 99,213,408,535 AMP
- AMP/USD CoinMarketCap Ranking: #177
Key Levels
- Resistance: $0.0025, $0.003, and $0.0035.
- Support: $0.0022, $0.0020, and $0.00192.
Price Prediction for The AMPUSD Pair: The Indicators’ Point of View
At the start of the day’s trading session, the bears took charge and drove the price toward the recently established support level. However, the swift response from bullish AMPUSD pair traders at this level indicates a strong bullish bias. The price was subsequently pushed back toward the critical resistance level at $0.003. Similarly, just like the bullish support level, there appears to be a strong bearish bias at the $0.003 price level.
Although the Bollinger Bands indicator suggests an increasing volatility level, the presence of both the new support and resistance levels displaying signs of strength may lead to market consolidation within these price zones.
AMP/USD 4-Hour Chart Outlook
The presence of a shooting star candlestick pattern suggests robust bearish sentiment at the $0.003 price level. Given that both the demand level and the supply level are displaying signs of strength, the AMPUSD pair may consolidate within this price range. Such consolidation could solidify and reinforce either a support level or a resistance level, potentially laying the groundwork for another significant market movement.
