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AMP Price Prediction for June 22 – AMP Technical Analysis

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Amp price is on the rise, but a breakout above $0.0081 could see the coin move towards $0.0090 in the upcoming trading sessions.

AMP price forecast 2024: AMP faces challenges after March surge

In March, the Amp (AMP) token saw an incredible surge, making it one of the best-performing cryptocurrencies on the market. This surge marked a staggering increase of over 1,000% since its lowest point in 2023, boosting its market cap significantly.

Amp Projection Statistics:

  • Current price of the amplifier – $0.0051
  • Amp market cap – $209.4 million
  • Ampere Circulating Supply – 42.2 Billion
  • Total Ampere Supply – 99.21 billion
  • Amp Coinmarketcap Ranking – #236

AMP/USD Market

Main levels:

Resistance Levels: $0.0095, $0.0100, $0.0105

Support Levels: $0.0025, $0.0020, $0.0015

AMPUSD – Daily Chart

AMP/USD After touching an intraday high of $0.0081 earlier today, it is currently trading close to the resistance level of $0.0051. However, this could easily pave the way for a rally above the upper limit of the channel. Meanwhile, if the 9-day moving average rises above the 21-day moving average, it could signal strengthening bullish trends in the market.

Amp Price Prediction: Amp (AMP) May Rise

Amp price is currently hovering within the range of the 9-day and 21-day moving averages after a strong recovery from $0.0081. This indicates that buyers may gain the upper hand in the price movement and could easily push the coin towards potential resistance at $0.0095, $0.0100, and $0.0105. In other words, if the buying movement fails to rise above $0.0080, AMP/USD may settle into consolidation.

However, it is time for buyers to gain more confidence in a recovery as $0.0085 is still achievable. Hence, if the bears sink the coin below the lower boundary of the channel, it can reach the $0.0025, $0.0020 and $0.0015 support levels.

AMP/BTC Integration

Against Bitcoin, Amp price remains within the range of its 9-day and 21-day moving averages as the coin retreats below the daily high of 1273 SAT. However, traders can expect a long-term bullish move if the market price eventually closes above the upper limit of the channel.

AMP Price Prediction for June 22 – AMP Technical Analysis
AMPBTC – Daily Chart

Conversely, a bearish move towards the lower boundary of the channel is likely to reach the key support at 500 SAT before a drop below 410 SAT, which may require buyers to push the market to the potential resistance above 1500 SAT if they increase buying pressure.

Meanwhile, @JavonTM1 shared with his 40,000 followers on X (formerly Twitter) that $AMP is stabilizing and is eyeing a breakout target of $0.07048, suggesting a potential upside of over 1,098% from current levels, with developments underway to achieve this target.

Amp Alternatives

At the time of writing, Amp price is hovering around $0.0051 and is looking to recover the key resistance level of $0.0081. Within the channel, the nearest resistance is at $0.0085, indicating growing bullish momentum. If the market moves up, further resistance is expected above the upper limit of the channel. Meanwhile, Amp coin boasts a market cap of $209.4 million. While its size may make its market presence seem modest, PlayDoge’s presale valuation highlights the potential for significant growth going forward. Even in the early stages of the presale, $PLAY has raised an astounding $4.98 million, indicating strong investor confidence in its future potential.

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