The orange line crossed the blue line on the downside indicating bearish momentum in the upcoming days. Moving Average Convergence Divergence: Recent breakdown in the price of AMP tokens seems real as the MACD indicator has triggered a negative crossover. As of now, the AMP token price is trading below the super trend sell line, and moving upwards the token price can be seen facing rejections off the super trend line.
As the token price fell, the super trend indicator triggered a sell signal. Previously the AMP token price was resting on the super trend buy line. Recent bearishness resulted in the AMP token price falling below the important short-term demand zone. Supertrend: The AMP token price has turned bearish as it failed to surpass the supply zone forming a strong bearish candlestick pattern on a daily time frame.
The AMP token price is in a strong bear grip and the technical parameters suggest the same Volumes have increased as the token price fell. The token price has also fallen below 14 MA. Currently, the AMP token price is trading at the lower band of the Bollinger band indicator after failing to surpass the upper band. The recent fall in the AMP token price led to the breakdown of the important 50 and 100 MAs. Moving toward the token price can be seen as facing strong rejection from these MAs. At present, the token price is trading below the 50 and 10o MAs. The AMP token price is hovering below the supply zone, as it continues to move in the bearish trajectory. The AMP token price is forming a lower low and lower high price structure daily. The token price from a long rejection week of the supply zone. After the breaking of the supply zone, the AMP token price tried to recover but failed to do so.
The token price recently fell below the demand zone on a daily time frame and since then the token price is continuously falling. The AMP token price as per the price action is trading below the demand zone on a daily time frame.
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