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Top 3 Gainers Amp, Aethir, Helium: AMP, ATH lead market gains as broader crypto market cools :


Collateral token Amp registers the highest gains in the last 24 hours among the top 200 cryptos by market capitalization.
Artificial Intelligence token Aethir holds steady despite the overbought RSI and resistance at $0.054.
Helium struggles to hold onto gains, dropping to $4.00 as upside risks surge under the 200-day EMA resistance.
The cryptocurrency market is taking a breather on Thursday after sustaining gains for almost two weeks, buoyed by heightened risk-on sentiment amid easing trade tensions between the United States (US) and China. While most top currencies are either stable or losing ground, Ethereum ecosystem tokens Amp (AMP) and Aethir (ATH) have defied the broad-based drawdown, stealing the spotlight among the top 200 cryptocurrencies, to post the highest gains in the last 24 hours.
On the other hand, Helium (HNT), which also posted gains in the last 24 hours but is partly erasing them on Thursday, faces growing upside risks after rejection below the seller congestion at around $4.38.
Amp’s uptrend is steady above $0.005
Amp’s price edges higher on Thursday, increasing by more than 3% to trade at $0.0051. The digital collateral token, which offers instant, verifiable assurances for any value transfer, boasts over 16% growth in value in the last 24 hours, defying the pullback in the broader crypto market.
Amp’s price sits above key moving averages ranging from the 200-day Exponential Moving Average (EMA) at $0.0049, the 100-day EMA at $0.0045, to the 50-day EMA at $0.0042, signifying a strong bullish momentum and the token’s ability to sustain recovery in upcoming sessions.
A daily close above the 200-day EMA would encourage traders to keep their exposure to AMP, eyeing another leg up to $0.0065, a level tested last in January as support and in February as resistance.
Technical indicators support the bullish outlook, including the Moving Average Convergence Divergence (MACD), which currently sits above the center line, upholding a recently confirmed buy signal, and the overbought but uptrending Relative Strength Index (RSI) at 76.46.
Traders should brace for multiple scenarios despite AMP’s recent surge, as the RSI indicator’s overbought conditions signal a potential trend reversal. An increase in sell-side pressure due to potential profit-taking could halt momentum in the near term.
Tentative support levels lie at the 200-day EMA at $0.0049, the 100-day EMA at $0.0045 and the 50-day EMA at $0.0042.
#AMP#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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Ybaservip
· 05-16 13:10
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Ryakpandavip
· 05-16 04:56
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