• Amp price has been on a bullish trend, rising to its highest point since September 11 last year.
• On-chain metrics suggest that the number of people using and holding Amp is relatively low.
• Technical analysis points to a brief pullback in the near future but suggests that Amp has more upside to go.
Amp Price Bullish Momentum
The amp price continued its bullish momentum on Thursday, with prices reaching a high of $0.0067, the highest point since September 11 last year. The crypto token has jumped by more than 121% from the lowest level recorded last year.
On-Chain Metrics for Amp
On-chain metrics suggest that the number of people using and holding amp is relatively low. Amp is a blockchain platform which helps users provide collateral for their assets in an easy process. Recently New York prosecutors sued CoinEx, citing tokens such as Amp, Luna and RLY as securities under Martin Act as they represent investments of money in common enterprises with profits derived primarily from efforts of others.
Amp Price Prediction (Daily Chart)
The daily chart shows that amp crypto price has made a strong recovery over the past few days. It has managed to move above key resistance levels at $0.0059 and $0.005 respectively while oscillators like Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have kept rising indicating further gains ahead for this token.
Amp Forecast (4H Chart)
In the four-hour chart, we can see that the amp price has been in an overall bullish trend crossing several levels including resistance points at $0.0053 and $0 .0059 respectively on 8th February and 7th January respectively suggesting further gains are likely ahead for this token if current momentum remains steady or accelerates further in upcoming trading sessions ahead..
Overall, technical analysis suggests that despite some temporary setbacks, amp’s overall trend remains positive which could lead it to reach even higher highs in the near future provided current market conditions remain favorable or improve further going forward