You’ll need to keep track of newsletters, social media, upcoming events, overall Investor sentiment and market conditions as they change over time to determine when to buy or sell at the right time. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key. This AMP price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of AMP continues in an upwards direction with no major setbacks.įundamental analysis of Amp is crucial when predicting the price of the AMP token in the long term. Through current trends, Investor sentiment and the overall direction of the cryptocurrency market, we think Amp (AMP) has a good chance of visiting the $0.30 to $1.00 USD mark in 2022 as long as the trend continues and the Team continues to work on their products and partnerships.įrom 2023 to 2025 we think the price of AMP to visit the $1.50 – $4.00 USD area as the Team continues to develop their products and those products receive adoption from the target audience. Technical analysis holds more weight against fundamental analysis in determining short term AMP price movements but it’s important to acknowledge upcoming events in the coming weeks and months. Researching what the Amp Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. We think that price could reach somewhere around the $0.30 to $1.00 USD mark in 2022.įundamental analysis should be a part of your analysis when creating your own Amp price prediction. Using support/resistance, trendlines, moving averages and simple indicators like the RSI, you can create a reasonably accurate Amp price prediction for 3, 6 and 12 months ahead of time. From this data you may be able to create your own AMP price prediction and trade accordingly. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen.
In the following chart we can see that price has had many interactions with the areas marked in yellow, specifically at points marked by green arrows. Predicting the price of AMP can also be useful for determining sell targets if you’re already holding AMP and wondering where to sell for the highest profit. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards. Identifying levels of support and resistance are often all it takes to start creating a AMP price prediction, at least in the short to mid-term.
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