AMP USDT Amp Technical Analysis

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By Frans van Elst

Amp logo In this Amp technical analysis, we will examine the current price action, trading volume, key levels and indicators for AMP-USDT. Amp (AMP) is a fast and secure cryptocurrency that utilizes a novel proof-of-stake consensus algorithm, allowing for lightning-fast transactions and low energy consumption. With its focus on scalability and usability, AMP aims to provide an accessible and user-friendly experience for both seasoned crypto enthusiasts and newcomers alike. Additionally, Amp’s innovative features such as decentralized governance and community-driven development make it an exciting project with a promising future in the blockchain space.

Amp Price Overview:

As of May 10, 2024, Amp is trading at approximately 0.00724 USDT. Let’s dive into the detailed price action for AMP-USDT:

Consider bearish sentiment for Amp (AMPUSDT) at 7.24e-03 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Metric Value
Open (O) 0.00746
High (H) 0.00769
Low (L) 0.00721
Close (C) 0.00724
Volume (C) 424,265,574.00
  • Open (O): The opening price for today’s trading session was approximately 0.00746 USDT.
  • High (H): Amp reached a daily high of around 0.00769 USDT.
  • Low (L): The daily low for AMP-USDT was approximately 0.00721 USDT.
  • Close (C): At the time of analysis, Amp is trading near its daily close of 0.00724 USDT.
Metric Value
1D Change (%) -2.90%
3D Change (%) -2.67%
7D Change (%) -7.11%
30D Change (%) -20.06%
90D Change (%) 91.46%
YTD Change (%) 96.98%

Over the past three days, AMPUSDT has fallen by approximately -2.67%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -7.11%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AMPUSDT maintaining a downward trend of approximately -20.06%, despite intermittent fluctuations. Examining the last 90 days, AMPUSDT has witnessed substantial rise of approximately 91.46%, reflecting strong long-term confidence. Year-to-date, AMPUSDT has steadily increased by around 96.98%, 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 0.74147.
  • Momentum score is -0.00481.

AMP USDT Technical Analysis

Amp Trading Volume:

The trading volume for Amp (AMP) over the past 24 hours has been insignificant, with approximately 424,265,574.00 USDT traded against AMP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 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 neutral zone, around 47.66003. This suggests that Amp is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Consider bearish sentiment for Amp (AMPUSDT) at 7.24e-03 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

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.

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