đ¨đ¨Amp price forecastđ¨đ¨
Turning to the daily chart, we see that the AMP token price has gone parabolic as it more than doubled in the past 24 hours. As the token rose, it moved above the crucial resistance point at $0.0058, its highest swing on December 11th.
AMP price has also surged above all moving averages, signalling that bulls are now in control. However, its oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought level.
Therefore, I suspect that the coin will pull back in the next few days as it moves to a profit-taking phase. That drop could see it move to the psychological point of $0.010 before resuming the bullish comeback.
