Our AMP price prediction is still not bullish as the price is yet to generate a reversal signal. AMP crypto price seems to be lagging in the ongoing market recovery. While most cryptocurrencies are more than 50% up from their June lows, AMP is still trading close to the bottom.
AMP coin hit its all-time high of $0.12 in June 2021. Currently, the price is 92.8% down from the peak, and the downtrend appears to be still far from over. Many altcoins appear to be heading for a retest of their 200-day moving averages, but AMP is yet to break the bearish market structure.
At the time of writing, the AMP price is trading at $0.0087. The price has gained 4.68% since yesterday. There seems to be a strong demand zone just below the $0.008 level as the price has bounced off this level quite a few times.
As per the latest AMP news, Binance US will be delisting the cryptocurrency on the 15th of August. The action was taken after the SEC termed the native asset of Flexa App security. The SEC purview also included 8 other crypto assets. Nevertheless, you may still buy or sell AMP by signing up on Binance.com, which is a global crypto exchange.
AMP Price Prediction
A look at the AMP USD price chart shows that the bears have been in complete control since the start of the year. The only way to avoid a further bearish outlook price needs to reclaim the $0.0155 level, which lies 45% above current prices. Even before this level, the price needs to flip the $0.01 region, which has become a psychological barrier.
If the bulls fail to break out of the downwards trendline soon, then AMP price prediction would become very bearish. In such a scenario, the price might break below the current support of $0.008. This would put a price target like $0.04 on the table. Therefore, it is very critical to place a stop loss if you’re in an over-leveraged position.
AMP Daily Chart
