Lokesh Gupta
30-04-2024
On March 12th, $AMP reached $0.024290 but failed to surpass the $0.025000 threshold, signaling a loss of momentum.
During a bearish phase, $Amp experienced a significant drop of nearly 77%, briefly testing its low of $0.005600 along with the 100-day Exponential Moving Average.
Despite recent stability, $AMP breached a trendline yesterday, indicating a potential upward trend and surged by 26.60% in the last 24 hours.
Currently, the price is encountering resistance from the 50-day EMA and the $0.009200 resistance level.
If the market can push the price above the $0.00920 resistance level, it may empower the bulls to prepare for a test of the upper high of $0.0125 in the upcoming week.
According To Coingabbar's analysis, However, a bearish price movement could potentially drive the price downwards towards its recent low of $0.006200 in the near future.
KEY LEVELS :
RESISTANCE LEVEL : $0.010000-$0.013000
SUPPORT LEVEL : $0.007200-$0.005600
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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