AMP/USD Could Stay Above $0.0033 Resistance

The Amp price prediction shows that AMP could set a bullish run if the market can keep the coin above the resistance level of $0.0031.

Amp Prediction Statistics Data:

• Amp price now – $0.0033
• Amp market cap – $138.8 billion
• Amp circulating supply – 42.2 billion
• Amp total supply – 99.21 billion
• Amp Coinmarketcap ranking – #141

AMP/USD Market

Key Levels:

Resistance levels: $0.0045, $0.0047, $0.0049

Support levels: $0.0023, $0.0021, $0.0019

AMP/USD is running a little retracement move above $0.0033 with a price growth of 6.77%. For the fact that the coin is recording some gain, the Amp price may follow a bullish movement within the channel if the coin crosses above the 21-day moving average. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.

Amp Price Prediction: AMP/USD May Move Upside

The Amp price is on its way above the 21-day moving average at around $0.0033. If the price continues to create a bullish movement, traders can then expect a bullish continuation toward the upside. Meanwhile, as the technical indicator Relative Strength Index (14) faces the 50-level, the possible resistance levels could be found at $0.0045, $0.0047, and $0.0049 in the long term.

However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Amp price is trying to create a bullish movement in the short term. On the contrary, any bearish movement below the lower boundary of the channel could roll the coin back to the long-term support at $0.0023, $0.0021, and $0.0019 levels.

Against Bitcoin, the Amp price is likely to cross above the upper boundary of the channel if the buyers keep the coin above the 9-day and 21-day moving averages. With the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market.  At the moment, Amp (AMP) is trading around the 19 SAT. On the contrary, traders can expect close support at 16 SAT and below.

However, if a bullish move pushes the price above the upper boundary of the channel, the channel; traders can then confirm a bull run for the coin. Moreover, the closest resistance could be located at 24 SAT and above as the technical indicator Relative Strength Index (14) moves above the 40-level, suggesting bullish movement.

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