Amp Price Soars 121%, Technical Analysis Predicts Brief Pullback

• Amp price continues to rise despite deteriorating on-chain metrics.
• The coin is currently trading above the key resistance levels at $0.0059 and $0.0050.
• Technical analysis suggests that Amp has further upside potential and might reach the next resistance at $0.008 if it continues to rise.

Amp Price Surge Despite Deteriorating On-Chain Metrics

The Amp crypto price has been rising steadily in recent days, reaching a high of $0.0067, the highest point since September 11 last year. Despite this, its on-chain metrics continue to deteriorate with a relatively low number of people using and holding Amp tokens. This surge could be attributed to the decision by New York prosecutors to sue CoinEx for offering securities in its platform with tokens like Amp, Luna and RLY included.

Daily Chart Analysis

Amp’s daily chart shows that it has broken through several important resistance points, including $0.0059 and $0.0050, both of which had previously acted as strong barriers for the token’s upward momentum. Additionally, oscillators such as Relative Strength Index (RSI) and MACD have been increasing during this period of activity which indicates that it may still have room for further upwards movement in the near future.

Four-Hour Chart Analysis

Analysis of the four-hour chart reveals that Amp has also managed to move past several critical levels such as $0.0053 and $0

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