The Amp price has bounced back in the past few sessions as demand for the asset rose. The coin’s price soared to a high of $0.077, which was the highest level since early this month.
This means that its price has jumped by more than 45% from its lowest level this month. Amp has a market cap of about $3.2 billion.
The Amp price jumped sharply on Tuesday after Binance announced that it will list its token in its platform. This is an important step since it will lead to more demand for the token since Binance is the biggest exchange in the world.
This announcement came a few days after Amp was brought to the Voyager Token’s ecosystem. This means that the number of cryptocurrencies it supports has jumped sharply recently. They include Litecoin, Dogecoin, Elrond, and Tezos among others.
The Amp price surged to an all-time high of $0.086 earlier this month. It then crashed by more than 45% and dropped to a low of $0.047 last week. Since then, the coin has made a spectacular recovery as investors cheer its recovery.
Today, Amp has moved above the descending trendline that is shown in pink. It has also managed to move above the third resistance of the standard pivot points. Additionally, it has moved to the upper side of the Bollinger Bands.
Therefore, Amp will likely keep rising as bulls target the all-time high at $0.08, which is 25% above the current level. A drop below $0.06 will invalidate this view.
This post was last modified on %s = human-readable time difference 06:01