AMP up 20% ahead of Bithumb listing but risks losing momentum
WikiBit 2025-04-04 15:39
AMP crypto surged by as much as 20% today, ahead of its listing on South Korea’s Bithumb exchange. AMP (AMP) rose to an intraday high of $0.0041 on April
The Supertrend indicator has also flashed red, suggesting a potential downtrend or strong selling pressure in the market. On top of that, the Chaikin Money Flow Index showed a negative reading, indicating that money is flowing out of the asset, which signals weak buying interest or growing bearish sentiment.
Given these signals, AMP could retrace to its immediate support level at $0.0032. A break below that might push it down further to around $0.0030, a key psychological level and its lowest price since early 2024.
At press time, AMP was exchanging hands at $0.0038 per coin.
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