🔍 Technical Overview and Analysis of AMP Coin – August 16, 2025
📌 Project Overview:
AMP is a digital token designed to support instant collateral and digital transfers in a secure and fast manner, primarily used in the Flexa network for cryptocurrency payments in retail stores. The project is backed by prominent partners such as Flexa and Gemini, enhancing user and investor confidence in the network.
📊 Current Price: Approximately $0.00365
(Coinbase)
📉 Key Technical Indicators:
Exponential Moving Average (EMA): The price is trading below the 200 EMA level on the 4-hour chart, indicating selling pressure at $0.0038.
Relative Strength Index (RSI): At level 45, indicating a neutral state with a slight bias towards buying strength.
MACD Indicator: Indicates a potential bearish crossover on the 30-minute chart, reinforcing negative expectations.
📈 Support and Resistance Levels:
Major Support: $0.0035 (200 Exponential Moving Average level)
First Resistance: $0.0038 (Exponential Moving Average crossover)
Second Resistance: $0.0040 (61.8% Fibonacci retracement level)
🔮 Future Predictions:
If the price of AMP manages to break through the $0.0040 level, we may see a rise towards $0.0045 – $0.0050, which are low liquidity areas that may lead to strong price movements