Convergence

Yield

Divergence

The post <a href="https://coinpedia.org/price-analysis/can-your-investment-in-amp-price-yield-10x-profit-this-month/">Can Your Investment In AMP Price Yield 10X Profit This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The AMP altcoin has displayed a notable run over the recent time, indicating a rise in investor’s interest in the mid-cap tokens. The AMP token has recorded a jump of 175% within the past seven days, and its current Year-to-Date returns stand at over 265%, making it a potential token for this bull run. 
The <a href="https://coinpedia.org/price-prediction/amp-price-prediction/">AMP price</a> traded in a closed range between $0.00371 and $0.00570 for over a month, indicating weak buying and selling pressure for the crypto token in the industry. Following this, the market gained momentum and recorded a jump of approximately 205% in valuation. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/52Y7Xm4zblqkw0Eo-avn6pUXGQnAptQHFmXxBzx0Hrc91q3CP4iw0_pB571E-mQ5-KZ71XNHmBZMWxtigxY5xi1RREJlfuTs6mGzn8KHHzBBeSUk86oZ09x3uWUlskV0LRn_X1PeAz1rMy-rNgeueF0" alt="AMP Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AMP/USDT
 </figcaption>
</figure> 
After this, the price faced rejection at the resistance level of $0.0156. Since then, the price has been trading in a closed range between $0.0125 and $0.0156, highlighting a cool-off in the price action in the market. 
The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram, indicating a reduced price action for the altcoin in the market. Moreover, the averages show a constant rise, suggesting uncertainty in future price movements. 
<h2 class="wp-block-heading" id="h-will-amp-crypto-explode">Will AMP Crypto Explode?</h2> 
If the bulls push the price above the resistance level of $0.0156, the AMP price will regain momentum and test its upper resistance level of $0.020. Further, if the market holds the price at that level, it will prepare to test its resistance level of $0.0242 in the coming time. 
Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its lower support level of $0.0091. Further, if the bears continue to power over the bulls, it will plunge and prepare to test its low of $0.0057 in the upcoming weeks.

Can Your Investment In AMP Price Yield 10X Profit This Month?

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