Amp is described as the new digital collateral token offering instant and verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases. Amp supports a wide variety of use cases for collateralization. It also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

Let us look at the technical analysis of AMP.
<h2><b>Past Performance of AMP</b></h2>
AMP price <a href="https://www.cryptoknowmics.com/news/amp-technical-analysis-price-rallying-the-crucial-resistances-great-buy-for-the-long-term/">experienced</a> a high of $0.07696 during the last 30 days, but the price condensed between narrowing highs and lows in November 2021. The current price is $0.058 with a total trading volume of $96,460,970.59. The coin is up 7% in the last 24 hours, with a live market cap of $2,362,927,158.13. The highest closing price in the last 7 days has been $0.06183, a -54% under its all-time high of $0.1211.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/f/FZlRUaqv.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/FZlRUaqv/">https://www.tradingview.com/x/FZlRUaqv/</a>
<h2><b>AMP Technical Analysis</b></h2>
The <b>On-balance Volume</b> is at -12.40 million, showing a change in volumes as per the fall in price. This shows a bearish mood might set in.

<b>RSI</b> is at 52% in a slightly upward direction in the overbought direction. This would show the prices can be gaining strength with an overall increase in prices for some time.

The <strong>MACD</strong> <strong>and signal lines</strong> are converging a little upwards, indicating the price which has now turned bullish will stay for the near future till a change in trend through the fast line occurs. For now, one can expect further increase with breach of new resistances.
<h2><b>Price Trends for the Day-Ahead and Tomorrow</b></h2>
The last high from November 28 at $0.070 was 13.35% over the resistance of $0.060 and could be broken through. Support is currently at the $0.040 support line and is holding with 63.66% confidence.

AMP Technical Analysis: Highs and Lows Since Two Months, Expect New Resistances

The last AMP high from November 28 at $0.070 was with 13.35% over the resistance of $0.060 and could be broken through. Support is currently at the $0.040 support line and is holding with 63.66% confidence. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

AMP Technical Analysis: Highs and Lows Since Two Months, Expect New Resistances

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