To avoid falling into the bearish trap, AMP must break free of the pattern. Currently, the token is trading in a dire condition that might either make or break it. The price of AMP is attempting to break free of the descending triangle pattern. This demonstrates that bears are currently in charge of AMP’s trade, and bulls must build up to prevent AMP from collapsing. However, during the intraday trading session, trading volume increased by 5.72%. The current CMP price of AMP is $0.00605, and in the previous day, it lost 0.55% of its market value. The other altcoins started surging bearishly over the chart as they also struggled to attract buyers. As Bitcoin struggles to maintain the rising momentum in order to exit the consolidation phase, it is currently slipping below the psychological mark of $30000. The circumstances of the prolonged bear market are the reason why AMP currency has been declining for so long. Investors in AMP must watch the daily chart for any directional changes. Bears are attempting to pull the token for a breakdown, though. The token is being pushed upward by AMP bulls. Over the daily chart, the price of AMP is declining inside a descending triangle pattern. The pair of AMP/BTC is at 0.0000003052 BTC with an intraday gain of 1.26%.AMP crypto stands at 116th position on CoinMarketCap and is currently approximated at $0.00605.AMP price is looking for a support to register its recovery phase over teh daily price chart.
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