Further, the AMP price not only wiped out all its gains from the yearly high but further managed to fall by 67%. The AMP coin had a good start as its value had gained more than 100% following which the coin lost its momentum and constantly traded under a bearish influence. Moreover, if the market fails to gain the much needed bullish momentum then the price will continue to fall and test its support level of $0.001600 soon. On the flip side, if the bears overpower the bulls and break down the pattern then the AMP crypto will experience a trend reversal resulting in the coin losing its value. Further, if the price holds itself above the level then the price will prepare itself to test the resistance level of $0.001761. If the bulls manage to gain power and break out of the descending channel then the price will gain a bullish moment. The averages crossed the point but for a very short period of time following which the averages again fell below the mid-point. The RSI can be seen constantly trading below the mid-point indicating a weak buying and selling power. Further, the coin is on the verge of breaking the pattern which can result in either way. The bulls have made multiple attempts to break out of the pattern but have failed resulting in the AMP coin losing momentum. Amp Price Prediction October 2023įollowing the dip, the price has been constantly trading in a descending trendline. *The statistics are from the time of publication. Historical Market Sentiments 2020 – 2022.
0 kommentar(er)
