Therefore, I suspect that Amp has some more upside to go. Notably, these gains are happening at a period of high volume. The coin has also jumped above the psychological level at $0.0050.įurther, it has moved above the 25-day and 50-day moving averages while oscillators like the Relative Strength Index (RSI) and the MACD have kept rising.
It has managed to move above the key resistance level at $0.0059, the highest point on January 17th. The daily chart shows that the Amp crypto price has made a strong recovery in the past few days. “The Tokens are also securities under the Martin Act because they represent investments of money in common enterprises with profits to be derived primarily from the efforts of others.” Amp price prediction (daily chart) In a statement, New York’s attorney general said that the company offered securities in its platform. The most relevant is the decision by New York prosecutors to sue CoinEx, a small crypto exchange. There have been no major Amp-related news in the past few days. For starters, Amp is a blockchain that helps people provide collateral of their assets in a relatively easy process. On-chain metrics show that the number of people using and holding Amp was relatively negligible. It is unclear why Amp token is rising even as its on-chain metrics continue deteriorating. Like most crypto tokens, it has jumped by more than 121% from the lowest level last year.
It rose to a high of $0.0067, the highest point since September 11 last year. Amp price bullish momentum continued on Thursday as the bullish momentum continued.
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