Amp Price Prediction — Will AMP Hit $0.08 Soon?

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Amp Price Prediction — Will AMP Hit $0.08 Soon?
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  • Bullish AMP price prediction is $0.03379 to $0.06669.
  • The AMP price will also reach $0.08 soon.
  • AMP’s bearish market price prediction for 2022 is $0.02570.

In Amp’s (AMP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about AMP to analyze the future movement of the cryptocurrency. 

Amp Current Market Status

According to CoinGecko, the price of AMP is $0.03150351 with a 24-hour trading volume of $15,914,874 at the time of writing. However, AMP has decreased nearly 2.4% in the last 24 hours.

Moreover, AMP has a circulating supply of 48,013,928,909 AMP. Currently, AMP trades in cryptocurrency exchanges such as Binance, Bybit, KuCoin, Mandala Exchange, and Gate.io.

What is Amp (AMP)?

Amp is an Ethereum token that aims to collateralize payments on the Flexa Network, making them instant and secure. Amp helps the user to decentralize risk for your users with smart contract features purpose-built for collateral. It was designed to be as flexible and future-proof as possible. Amp’s open-source license makes it possible to create and deploy custom collateral managers for your app to interface with Amp on your own terms. 

Amp (AMP) Price Prediction 2022

Amp holds the 80th position on CoinGecko right now. AMP price prediction 2022 is explained below with a daily time frame.

AMP/USDT Descending Channel Pattern (Source: Tradingview)

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. 

The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.

Currently, AMP is in the range of $0.03150351. If the pattern continues, the price of AMP might reach the resistance level of $0.06736 & $0.05002. If the trend reverses, then the price of AMP may fall to $0.02526.

Amp (AMP) Support and Resistance Level

The below chart shows the support and resistance level of AMP.

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AMP/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of AMP.

Resistance Level 1 $0.03379
Resistance Level 2 $0.04550
Resistance Level 3 $0.05562
Resistance Level 4 $0.06669
Support Level $0.02570
AMP Resistance & Support Level

The charts show that AMP has performed a bullish trend over the past month. If this trend continues, AMP might run along with the bulls overtaking its resistance level at $0.06669.

Accordingly, if the investors turn against the crypto, the price of the AMP might plummet to almost $0.02570, a bearish signal.

Amp Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of AMP is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AMP lies below the cutoff line, indicating weaker participants in the current trend.

More so, the AMP’s Moving Average (MA) is shown in the chart above. Currently, AMP is in a bullish state. Notably, the AMP price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of AMP at any time.

Meanwhile, the relative strength index (RSI) of the AMP is at level 58.85. This means that AMP in a neither overbought nor oversold state. However, this means a major price reversal of AMP may occur in the upcoming days. So, traders need to trade carefully. 

Amp Price Prediction 2022 — ADX, RVI

Let us now look at Amp’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

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AMP/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Amp. Currently, AMP lies in the range of 41.96842, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of AMP. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AMP lies below the 50 levels, indicating that the direction of volatility is high. In fact, AMP’s RSI is at 50.46 level thus confirming a potential either buy or sell signal.

Comparison of AMP with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Amp.

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BTC Vs ETH Vs AMP Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and AMP is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AMP also increases or decreases respectively.

Conclusion

With continuous improvements in the Amp network, we can say that 2022 is a good year for AMP. For this reason, the bullish price prediction of Amp in 2022 is $0.06669. On the other hand,  the bearish AMP price prediction for 2022 is $0.02570.

Furthermore, with the advancements and upgrades on the AMP ecosystem, the performance of AMP would help to reach above its current all-time high (ATH) $0.120813 very soon. But, it might also reach $0.08 if the investors believe that AMP is a good investment in 2022.

FAQ

1. What is Amp?

Amp is an Ethereum token that aims to collateralize payments on the Flexa Network, making them instant and secure. 

2. Where can you purchase AMP?

AMP has listed on many crypto exchanges which include Binance, Bybit, KuCoin, Mandala Exchange, and Gate.io.

3. Will AMP reach a new ATH soon?

With the ongoing developments and upgrades within the AMP platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Amp?

On June 16, 2021, AMP reached its new all-time high (ATH) of $0.120813.

5. Is AMP a good investment in 2022?

Amp (AMP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of AMP in the past few months, AMP is considered a good investment in 2022.

6. Can Amp (AMP) reach $0.08?

Amp (AMP) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Amp (AMP) will hit $0.08 soon.

7. What will be the AMP price by 2023?

Amp (AMP) price is expected to reach $0.10 by 2023.

8. What will be the AMP price by 2024?

Amp (AMP) price is expected to reach $0.25 by 2024.


9. What will be the AMP price by 2025?

Amp (AMP) price is expected to reach $0.39 by 2025.

10. What will be the AMP price by 2026?

Amp (AMP) price is expected to reach $0.5 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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