- Bullish AMP price prediction is $0.027 to $0.066.
- The AMP price will also reach $0.1 soon.
- AMP’s bearish market price prediction for 2022 is $0.023.
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 $0.0259 with a 24-hour trading volume of $11,912,807 at the time of writing. However, AMP has decreased nearly 0.5% 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, Hotcoin Global, Mandala Exchange, Bybit, and DigiFinex.
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. Amp 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 88th position on CoinGecko right now. AMP price prediction 2022 is explained below with a daily time frame.
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
Most commonly falling wedge patterns occur in a clean uptrend. The price action trades higher, however the buyers lose the momentum at one point and the bears take temporary control over the price action.
Currently, AMP is in the range of $0.025. If the pattern continues, the price of AMP might reach the resistance level of $0.03 & $0.034. If the trend reverses, then the price of AMP may fall to $0.023.
Amp (AMP) Support and Resistance Level
The below chart shows the support and resistance level of AMP.
From the above daily time frame, it is clear the following are the resistance and support levels of AMP.
- Resistance Level 1 – $0.034
- Resistance Level 2 – $0.045
- Resistance Level 3 – $0.055
- Resistance Level 4 – $0.066
- Support Level – $0.0245
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 $0.066.
Accordingly, if the investors turn against the crypto, the price of the AMP might plummet to almost $0.0245, 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 54.50. This means that AMP is 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.
The above chart represents the ADX of Amp. Currently, AMP lies in the range of 57.91, so it indicates a very 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 54.50 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.
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 $0.066. On the other hand, the bearish AMP price prediction for 2022 is $0.023.
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) $0.055 very soon. But, it might also reach $0.07 if the investors believe that AMP is a good investment in 2022.
FAQ
Amp is known as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer.
AMP has listed on many crypto exchanges which include Binance, Hotcoin Global, Mandala Exchange, Bybit, and DigiFinex.
With the ongoing developments and upgrades within the AMP platform, it has a high possibility of reaching its ATH soon.
On June 16, 2021, AMP reached its new all-time high (ATH) of $0.120813.
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.
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 $0.1 soon.
Amp (AMP) price is expected to reach $0.25 by 2023.
Amp (AMP) price is expected to reach $0.41 by 2024.
Amp (AMP) price is expected to reach $0.56 by 2025.
Amp (AMP) price is expected to reach $0.7 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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