AMP Crypto rose today by no less than 20%, prior to the list on the Bithumb Exchange in South Korea.
AMP (AMP) rose to an intraday high from $ 0.0041 on 4 April, morning Asian time, while he brought his market capitalization to more than $ 320 million at the time of writing. The price rally came together with a jump of 140% in daily trade volume, with more than $ 32 million.
The price jump from AMP also came up with a huge peak in interest from derivaten traders. According to For Conglass, the open interest in AMP -Futures shot in just one day with 736%, and hit more than $ 3.3 million. The financing percentage remained 0.0110%, which shows that most traders feel bullish and expect the price to rise.
The most important catalyst behind today’s move was Bithumb, a large crypto exchange in South Korea, who, who announced The addition of a WFD trading savings for the amplifier set at 16:00 KST on Friday 4 April 2025. The Altcoin has an initial price of 5,091 WFD (approximately $ 0.0035).
Deposits and recordings will be opened within two hours after the notification, but only on the Ethereum network.
Much of the excitement around AMP is also linked to the increasing acceptance of the Flexa Network, a digital payment platform that makes cryptocurrency payments possible in stores. AMP is used as collateral within the Flexa Ecosystem to secure transactions. It can also be used to support the network and earn rewards.
AMP -Price analysis
Despite today’s profit, technical indicators suggest that the AMP rally can lose momentum soon.
On the 1-day/USDT price diagram, AMP recently broke from a month-long trend, which jumped from a falling channel pattern that stopped. In technical terms, that type of breakout is usually seen as a bullish sign.
The 50-day simple advancing average, however, has risen below the 200-day advancing average and forms what is known as a Death Cross, a pattern that often indicates the potential for a long-term Bearish trend.
The Supertrend indicator has also flashed red, suggesting a potential downward trend or strong sales pressure in the market. In addition, the Chaikin Money Flow Index showed a negative reading, indicating that money flows from the actively, which indicates a weak purchase interest or the cultivation of Bearish sentiment.
Given these signals, AMP could retrieve to its immediate support level at $ 0.0032. A break below can push further up to around $ 0.0030, an important psychological level and the lowest price since the beginning of 2024.
At the time of the press, AMP exchanged hands at $ 0.0038 per coin.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
