In this Amp technical analysis, we will examine the current price action, trading volume, key levels and indicators for AMP-USDT. Sure, here are three sentences about Amp (AMP) cryptocurrency: Amp (AMP) is a decentralized cryptocurrency that utilizes a novel proof-of-stake (PoS) consensus algorithm, allowing for faster and more energy-efficient transactions. With its focus on scalability and security, AMP has gained popularity among users looking for a reliable and high-performance blockchain platform. Additionally, AMP’s unique features, such as its decentralized governance system and flexible transaction structure, make it an attractive option for developers and entrepreneurs building the next generation of decentralized applications.
Amp Price Overview:
As of October 03, 2023, Amp is trading at approximately 0.00164 USDT. Let’s dive into the detailed price action for AMP-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.00164 USDT.
- High (H): Amp reached a daily high of around 0.00169 USDT.
- Low (L): The daily low for AMP-USDT was approximately 0.00161 USDT.
- Close (C): At the time of analysis, Amp is trading near its daily close of 0.00164 USDT.
|1D Change (%)||-0.24%|
|3D Change (%)||-0.18%|
|7D Change (%)||-0.49%|
|30D Change (%)||-10.90%|
|90D Change (%)||-22.18%|
|YTD Change (%)||-46.39%|
Over the past three days, AMPUSDT has decreased by approximately -0.18%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AMPUSDT maintaining a downward trend of approximately -10.90%, despite intermittent fluctuations. Examining the last 90 days, AMPUSDT has witnessed substantial decline of approximately -22.18%, reflecting strong long-term confidence. Year-to-date, AMPUSDT has steadily decreased by around -46.39%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Amp Live Chart:
You can access a live price chart for AMP-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.22971.
- Momentum score is -0.10899.
AMP USDT Technical Analysis
Amp Trading Volume:
The trading volume for Amp (AMP) over the past 24 hours has been significant, with approximately 1,175,132,280.00 USDT traded against AMP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): AMP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Amp is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for AMP-USDT is currently in the low zone, around 36.99941. This suggests that Amp is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Amp (AMP-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.