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
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