Amp (AMP) Price Prediction 2022 – Will AMP Hit $0.1 Soon?

Amp (AMP) Price Prediction 2022 - Will AMP Hit $0.1 Soon?
  • Bullish AMP price prediction for 2022 is $0.011 to $0.046.
  • The AMP price will also reach $0.1 soon.
  • Bearish AMP price prediction for 2022 is $0.007.

In Amp’s (AMP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about AMP to analyze the future movement of the cryptocurrency.

Amp Current Market Status

According to CoinGecko, the price of AMP is $0.0088 with a 24-hour trading volume of $5,559,925 at the time of writing. However, AMP has decreased by nearly 0.9% in the last 24 hours.

Moreover, AMP has a circulating supply of 48,013,928,909 AMP. Currently, AMP trades in cryptocurrency exchanges such as Binance, Bybit, Bitget, BingX, and Phemex. 

What is Amp (AMP)?

Amp is known as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities.

Even more, AMP supports a large variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable specila capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

Amp (AMP) Price Prediction 2022

Amp (AMP) holds the 94th position on CoinGecko right now. AMP price prediction 2022 is explained below with an hourly time frame.

AMP/USDT Symmetric Triangle Pattern (Source: TradingView)

The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.  

Currently, Amp (AMP) is at $0.0088. If the pattern continues, the price of AMP might reach the resistance level of $0.01034 and $0.01189. If the trend reverses, then the price of AMP may fall to $0.0079.

Amp (AMP) Support and Resistance Levels

The chart below shows the support and resistance levels of Amp (AMP).

AMP/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Amp (AMP).

  • Resistance Level 1 – $0.01137
  • Resistance Level 2 – $0.01544
  • Resistance Level 3 – $0.02153
  • Resistance Level 4 – $0.03442
  • Resistance Level 5 – $0.04632
  • Support Level   – $0.00798

The charts show that AMP has performed a bullish trend over the past month. If this trend continues, AMP might run along with the bulls overtaking its resistance level at $0.04632.

Accordingly, if the investors turn against the crypto, the price of the AMP might plummet to almost $0.00798, a bearish signal.

Amp (AMP) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Amp (AMP) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AMP lies below the cutoff line, indicating weak participants in the current trend.

AMP/USDT RVOL, MA, RSI (Source: TradingView)

Moreover, the Moving Average (MA) of Amp (AMP) is shown in the above chart. Notably, the AMP price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, AMP is in a bearish state. There is a possibility of a reversal trend of AMP at any time.

Meanwhile, the relative strength index (RSI) of the AMP is at a level of 42.01. This means that AMP is in an nearly oversold state. However, this gives confidence to the traders to trade without any fear.

Amp (AMP) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Amp (AMP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

AMP/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Amp (AMP). Currently, AMP lies in the range of 48.96, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Amp (AMP). RVI measures the constant deviation of price changes over a period of time. The RVI of AMP lies above 50, indicating high volatility. In fact, AMP’s RSI is at 42.01, thus confirming a potential sell signal.

Comparison of AMP with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Amp (AMP).

BTC Vs ETH Vs AMP Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and AMP is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AMP also increases or decreases respectively.

Amp (AMP) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Amp (AMP) might probably attain $0.25 by 2023.

Amp (AMP) Price Prediction 2024

With several upgrades in the network, Amp (AMP) might enter a bullish trajectory. If the coin grabs the attention of major investors, AMP might rally to hit $0.32 by 2024. 

Amp (AMP) Price Prediction 2025

If Amp (AMP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, AMP would rally to hit $0.5.  

Amp (AMP) Price Prediction 2026

If Amp (AMP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, AMP would rally to hit $0.65. 

Amp (AMP) Price Prediction 2027

If Amp (AMP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, AMP would rally to hit $0.78. 

Amp (AMP) Price Prediction 2028

If Amp (AMP) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, AMP would hit $0.89.

Amp (AMP) Price Prediction 2029

If investors flock in and continue to place their bets on Amp (AMP), it would witness major spikes. AMP might hit $0.93 by 2029.

Amp (AMP) Price Prediction 2030

With greater advancements in the Amp ecosystem, the crypto community might continue to invest in Amp (AMP) for the next 8 years and drive significant price rallies for the token. Hence, Amp (AMP) might hit $1 by 2030.

Conclusion

With continuous improvements in the Amp network, we can say that 2022 is a good year for AMP. For this reason, the bullish price prediction of Amp (AMP) in 2022 is $0.04632. On the other hand, the bearish price prediction of Amp (AMP) for 2022 is $0.0079.

Furthermore, with the advancements and upgrades in the Amp ecosystem, the performance of Amp (AMP) might hit $0.1 gaining investors’ attention. It would also rise above its all-time high (ATH) of $0.02 in the near future.

FAQ

1. What is Amp?

Amp is known as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. 

2. Where can you purchase AMP?

AMP has listed many crypto exchanges which include Binance, Bybit, Bitget, BingX, and Phemex.

3. Will AMP reach a new ATH soon?

With the ongoing developments and upgrades within the AMP platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Amp?

On June 16, 2021, AMP reached its new all-time high (ATH) of $0.120813.

5. Is AMP a good investment in 2022?

Amp (AMP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of AMP in the past few months, AMP is considered a good investment in 2022.

6. Can Amp (AMP) reach $0.1?

Amp (AMP) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Amp (AMP) will hit $0.1 soon.

7. What will be the AMP price by 2023?

Amp (AMP) price is expected to reach $0.25 by 2023.

8. What will be the AMP price by 2024?

Amp (AMP) price is expected to reach $0.32 by 2024.

9. What will be the AMP price by 2025?

Amp (AMP) price is expected to reach $0.5 by 2025.

10. What will be the AMP price by 2026?

Amp (AMP) price is expected to reach $0.65 by 2026.

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

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.