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<p>AMP, the collateral token designed to provide instant verification for value transfers, has seen its price surge over 45% recently. The cryptocurrency currently trades around $0.0037, up from under $0.003 just days ago. This rapid move has left many investors wondering—what’s behind this latest AMP pump?</p>
<p><strong>Formidable Support Forming</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-1024x576.png" alt="" class="wp-image-393560" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-171.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-768x432.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-2048x1152.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-622x350.png 622w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-171-788x443.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>According to noted <a href="https://twitter.com/bitpeaks/status/1732755679289421951" target="_blank" rel="noopener noreferrer nofollow">crypto analyst bitpeaks</a>, AMP bids are currently 23% higher than asks at the $0.003637 level. This indicates strong buying interest and suggests the formation of formidable support around this price.</p>
<p>As bitpeaks observes, this makes the current level an attractive entry point for those looking to buy into the rally. With buyers outweighing sellers, AMP seems poised to hold support here for the time being.</p>
<p><strong>Bullish Signs Emerge</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="721" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-1024x721.png" alt="" class="wp-image-393524" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-1024x721.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-300x211.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-768x541.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-1536x1082.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-2048x1443.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-100x70.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-497x350.png 497w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168-788x555.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-168.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Meanwhile, influential Twitter account Triangle_Boy <a href="https://twitter.com/videosimsburner/status/1732441941059706917" target="_blank" rel="noopener noreferrer nofollow">points out</a> an even more optimistic setup taking shape. He notes that AMP displays a “Flat top forming supported by a Diagonal Rolling” pattern on higher timeframes.</p>
<p>This rare combination of indicators leads him to believe investors have “last days to load up before a Penny!” Essentially, he expects this bullish confluence of technical factors to propel AMP to $0.01 in short order.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/bitcoin-btc-skyrocketed-the-last-three-times-this-bullish-signal-appeared/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Skyrocketed The Last Three Times This Bullish Signal Appeared</a></li>
 <li><a href="https://captainaltcoin.com/solana-loses-uptrend-analyst-warns-failure-to-hold-support-could-result-in-sol-falling-to-this-price/" target="_blank" rel="noopener noreferrer nofollow">Solana Loses Uptrend; Analyst Warns Failure to Hold Support Could Result in SOL Falling to This Price</a></li>
 <li><a href="https://captainaltcoin.com/end-of-year-crypto-boom-mantle-filecoin-and-rebel-satoshi-poised-for-growth/" target="_blank" rel="noopener noreferrer nofollow">End-of-Year Crypto Boom: Mantle, Filecoin, and Rebel Satoshi Poised for Growth</a></li>
</ul>
<p>Between the surge in momentum, overwhelmingly bullish order book activity, and positive chart patterns, AMP exhibits multiple signals that this rally has room to run. With buyers confidently bidding the price up as bears fail to gain traction, the pumps show no signs of relenting yet. Both analysts and chart patterns suggest ominous winds for anyone brave enough to fade this move.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-amp-price-pumping-bulls-not-slowing-down-as-they-form-formidable-support-at-this-level/" rel="noopener noreferrer nofollow">Why Is AMP Price Pumping? Bulls Not Slowing Down as they Form Formidable Support at This Level</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is AMP Price Pumping? Bulls Not Slowing Down as they Form Formidable Support at This Level

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