AMP attempts a rally to monthly highs despite market bears

AMP attempts a rally to monthly highs despite market bears
фото показано с : invezz.com

2022-2-12 12:43

During the past 24 hours, volatility across the cryptocurrency market has spiked. As the market entered the weekend, some bears kicked in, with BTC dropping slightly to $42K and Ether dropping below $3000.

Despite this performance, AMP/USD has displayed a strong performance. The token is still trading in the green zone, having gained around 5.8% during the past 24 hours. At the time of writing, AMP was trading at $0.032.

AMP breaks free from the market trend 

The AMP token has a tendency of breaking free from market volatility. Last year in June, when the rest of the cryptocurrency was on a bearish trend, AMP rallied and hit an all-time high of $0.12. Currently, the token is 74.4% below this record high.

Currently, short-term buyers are fuelling AMP’s price rally. These buyers have been flocking the market to book profits from the short-term price movements of various cryptocurrencies in the market. Volatility has increased during the past 24 hours, with AMP’s prices ranging between $0.030 and $0.034.

With the current price increase, AMP could test the resistance at $0.034 again. If buyers can rally the support again, the coin will break past $0.0038 and attempt to reach a monthly high at $0.040.

As mentioned earlier, the broader market support is weak, and AMP could give in to the bearish pressure. This will push it to the support level at $0.030. if buy orders are placed here, AMP could rally.

Bullish developments on Flexa

AMP is the native token for the Flexa network. Flexa has seen growing adoption. The Flexa network has partnered with some innovative blockchain projects due to the fast transaction speeds. Last year, Flexa partnered with some of the largest banks in El Salvador to facilitate Bitcoin services. It has also found a niche in the entertainment sector through a partnership with Regal.

Following these developments, AMP was classified as one of the assets under consideration by Grayscale, the world’s largest digital asset management firm. Due to these developments, AMP is primed for a strong recovery, at least for the short term.

The post AMP attempts a rally to monthly highs despite market bears appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bears dropping kicked entered weekend btc

Источник: invezz.com

market bears → Результатов: 126


Cardano (ADA) Leads Bullish Charge, Is The Market Sobering?

The market is green again. Since the market rallied during the weekend, bulls have remained adamant and are not allowing bears any room to take over again. Could this be a sign that the market is finally sobering up? For the past four weeks, the market has been stumbling and falling and for some time, […] The post Cardano (ADA) Leads Bullish Charge, Is The Market Sobering? appeared first on ZyCrypto.

2018-12-13 20:08


XRP breaks below $0.3 as Crypto market takes another widespread hit from the Bears

XRP appears to be on the verge of a major market crisis, one that has succeeded in subduing most cryptocurrencies and leaving them with losses in both trading price and volume. Cryptocurrency traders have been applauding the token for its promising future after it dethroned Ethereum to become the world’s second most valued cryptocurrency, right […] The post XRP breaks below $0.

2018-12-12 22:35


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Фото:

Crypto Analyst: Bitcoin (BTC) To Base At $3,500, But Bears Aren’t Done Yet

Crypto Market Puts A Pause On Tumultuous Activity, Bitcoin Finds Stability To say that crypto’s past two weeks have been tumultuous would, frankly, be putting it rather lightly. On November 13th, Bitcoin (BTC) was trading at $6,200, but since that fateful day, the eye of Bitcoin Cash’s network upgrade (a purported bearish catalyst), BTC has […] The post Crypto Analyst: Bitcoin (BTC) To Base At $3,500, But Bears Aren’t Done Yet appeared first on Ethereum World News.

2018-11-28 05:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Australia targets crypto exchanges to hand over tax data on 1.2m users

Australia’s tax office is targeting up to 1.2 million users, seeking their personal data and transaction details from crypto exchange. Australia appears to be targeting over a million crypto investors, seeking their personal data and transaction details from crypto exchanges,…

Crypto.com reports 100m users worldwide despite frozen VC activity

Cryptocurrency exchange Crypto.com says it has surpassed the 100 million global user mark since its establishment in 2016. Crypto exchange Crypto.com has registered 100 million users around the globe as the platform doubles down on its international expansion. In a…

Top cryptocurrencies to watch this week: BTC, DOGE, WIF

The global cryptocurrency market cap remained fairly stable this week, dipping to $2.11 trillion on May 1 and recovering to $2.35 trillion at last check. Here's how some of the top cryptocurrencies traded over the past several days.

DeFi protocol Aave launches major update with V4 protocol

Aave Labs has unveiled its 2030 strategic roadmap, which includes multiple key initiatives such as Aave V4, a new visual identity, and expanded defi functionality. On May 1, the DeFi lending platform launched a governance proposal dubbed “Temp Check” to solicit community…

$354 Million Crypto Longs Squeezed As Bitcoin Crashes To $57,000

Data shows the cryptocurrency derivative market has observed mass liquidations following the crash of Bitcoin and other assets. Bitcoin Has Seen Bears Winning As Price Has Plunged 6% Over The Past Day Recently, Bitcoin has been stuck in consolidation in the $60,000 to $70,000 price range, unable to mount any sustained move in either direction. […]