![]() The support was further bolstered by a rising trend line and the 100-day MA. 786 Fib Retracement).īeyond $0.1, added resistance lies at $0.12, $0.126 (ATH price), and $0.1336 (1.618 Fib Extension).ĪMP found support at 127 SAT against BTC and rebounded higher from there. ![]() On the other side, the first resistance lies at $0.082 (bearish. Where is the resistance toward the upside? If the sellers push lower, the first support lies at $0.07. A drop beneath $0.07 would turn it neutral, and it would have to continue to fall further beneath the support at $0.04 to be in danger of turning bearish in the short term. AMP price short term prediction: BullishĪfter a 90% increase, AMP is bullish in the short term again. Today, AMP hit the resistance at $0.0821, provided by a bearish. ![]() ![]() There, it rebounded at a rising support trend line and started this week’s skyrocket.ĪMP quickly reclaimed all of the moving averages and continued beyond $0.07. However, AMP eventually crashed beneath it as it dropped below the 100-day MA to reach as low as the 200-day MA at around $0.04. The support there held in the first few days of July. From there, it quickly dropped lower in the second half of June to reach the support at around $0.052. The June surge saw AMP rising from as low as $0.03 to reach the ATH price at $0.126. Taking a look at the daily chart above for AMP, we can see that the market surged during June while the rest of the industry consolidated. Let us continue and take a look at the AMP chart and analyze the price action. The recent weekly 90+% price surge has allowed AMP to reach the 33rd ranked project with a total market cap value of $2.9 billion. It was added to Coinbase during early June and is now being added to Binance US In other news, it seems that top-tier exchanges continue to add AMP to their token lists. $AMP is already being used by Whole Foods which is owned by Amazon. To add further flame to the fire, AMP is also already being used by Whole Foods, a company owned by Amazon The rumor stems from BitBoy Crypto, who stated in a video that the new CEO is crypto-friendly and that Amazon would be working with two separate coins (AMP being one of them). It is a system designed to help prevent payment fraud and lower the cost and risk to different merchants using the system.Īs a result, rumors are circulating that Amazon might partner with AMP when they integrate crypto payments into their service. If there is a reason for the $BTC or $ETH payment to fail, then the retailer would have the option to seize the $AMP collateral and sell it to cover their costs. Customers would pay retailers through Flexa, and then the Flexa network would pay retailers instantly using $AMP as collateral until the payment is fully settled. Their website describes them as a digital collateral asset that is used to lower payment fees and prevent payment fraud to lower the costs and risks to merchants.ĪMP is an Ethereum based token that collateralizes payments over the Flexa Network. After that, it continued lower toward the middle of July until support was found at the 200-day MA.ĪMP rebounded over the past ten days from the 200-day MA and started the enormous surge toward the May highs today at $0.079.ĪMP is a very interesting cryptocurrency and in a complete sector of its own. The cryptocurrency dropped from the $0.126 peak seen in June to hit the 100-day MA at the start of July around $0.052. Is up by a gigantic 91% this week as the coin surges to $0.08. Against Bitcoin, AMP rebounded from a rising trend line to retest 200 SAT.The cryptocurrency started to surge on rumors of a partnership with Amazon.AMP is up an enormous 91% over the past week of trading as it hits $0.08.
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