Ambrosus Price Prediction 2021 – Will AMB Hit $0.50 Soon?

Ambrosus Price Prediction 2021 - Will AMB Hit $0.50 Soon?
  • Bullish AMB price prediction ranges from $0.05 to $0.45.
  • The AMB price might also reach $0.50.
  • AMB bearish market price prediction for 2021 is $0.002.

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 $0.0416 with a 24-hour trading volume of $572,425 at the time of writing. However, AMB dropped to 12.50% in the last 24 hours.

Moreover, AMB has a circulating supply of 222,594,772 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 1253rd position on CoinGecko right now. Ambrosus price prediction 2021 explained below with a daily time frame. 

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

When the peaks and troughs on a chart ascend, an uptrend is occurring. Prices in that uptrend can be seen as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only do the highs finish higher, but the lows from a previous period of time gain value and end up being higher than before. This indicates to a trader that prices are rising and the overall value is rising, indicating that it is time to sell and make a profit before a downtrend occurs.

Currently, AMB is waving at $0.0416. After this, AMB may continue to fall according to the higher high and higher low pattern. With this pattern, AMB might reach the resistance level at $0.45 soon. If the trend reverses, then the price of AMB may fall to $0.02.

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 – $0.16
  • Resistance Level 3 – $0.45
  • Support Level 1 – $0.02
  • Support Level 2 – $0.011

The chart depicts the bullish performance of AMB over the previous month. However, this trend will continue to reach resistance level at $0.45 soon. On the contrary, if the trend reversed then AMB might fall to $0.02 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 33.77, so it indicates a strong trend.

Conclusion

The Ambrosus is one of the cryptos which is great for long-term investment. In addition, AMB price prediction will be bullish for a short-term period. It has a good chance of reaching $0.45 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the AMB ecosystem, the performance of AMB would rise reaching $0.45 very soon. But, it might also reach $0.50 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.