Ambrosus Price Prediction 2021 – Will AMB Hit $0.2 Soon?

Ambrosus Price Prediction 2021 - Will AMB Hit $0.2 Soon?
  • Bullish AMB price prediction ranges from $0.05 to $0.153.
  • The AMB price might also reach $0.2.
  • AMB bearish market price prediction for 2021 is $0.006.

In AMB price prediction 2021, we use statistics, price patterns, ADX, and much other information about AMB to analyze the future movement of the cryptocurrency. 

Ambrosus is a prominent blockchain technology for decentralized apps, internet of things security, physical asset management, and integrating blockchain into enterprise software.

Current Market Status of Ambrosus (AMB)

According to Coingecko, the price of AMB is $0.0278 with a 24-hour trading volume of $230,763 at the time of writing. However, AMB increased by 3% in the last 24 hours.

Moreover, AMB has a circulating supply of 584,582,602 AMB. Currently, AMB trades in cryptocurrency exchanges such as Binance, HitBTC, ProBit Global, KuCoin and CoinDCX. 

Ambrosus (AMB) Price Prediction 2021

Ambrosus (AMB) holds the 876th position on CoinGecko right now. Ambrosus price prediction 2021 explained below with a weekly time frame. 

AMB/USDT Swing High and Swing Low Pattern (Source: Tradingview)

The above chart shows the Swing High and Swing Low patterns. A swing low is when the price makes a low and is immediately followed by two consecutive higher lows. Similarly, a swing high is when the price makes a high and is followed by two consecutive lower highs. 

Currently, AMB is waving at $0.026. With this pattern, AMB might reach the resistance level at $0.15 soon. If the trend reverses, then the price of AMB may fall to $0.004.

Ambrosus (AMB) Support and Resistance Level

The below chart shows the support and resistance level of Ambrosus (AMB). 

AMB/USDT Support and Resistance Level (Source: Tradingview)

From the above chart, it is observed that the following are the resistance and support level of AMB.

  • Resistance Level 1 – $0.05
  • Resistance Level 2 – $0.122
  • Support Level 1 – $0.024
  • Support Level 2 – $0.012
  • Support Level 3 – $0.006

The chart depicts the bullish performance of AMB over the previous month. However, this trend will continue to reach resistance level at $0.122 soon. On the contrary, if the trend reversed then AMB might fall to $0.006 presenting a bearish signal.

Ambrosus (AMB) Average Directional Index (ADX)

Let us now look at AMB’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

AMB/USDT ADX (Source:TradingView)

The above chart represents the ADX of AMB with the range at 46.11, so it indicates a strong trend.

Conclusion

With the further developments and upgrades that are happening within the AMB platform. The cryptocurrency AMB has a great future in upcoming days in this crypto market. However, it is possible to see AMB reaching new heights.

Furthermore, with the advancements and upgrades on the AMB ecosystem, the performance of AMB would rise reaching $0.15 very soon. But, it might also reach $0.2 if the investors believe that AMB is a good investment in 2021

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.