Market Overview for Amp (AMPUSDT) – August 1, 2025

• Price opened at $0.003701 and closed at $0.003568 after a bearish 24-hour session.
• Strong bearish momentum confirmed by RSI and MACD divergence, with price near 61.8% Fibonacci level.
• Volatility expanded in the late session as volume spiked, indicating potential short-term exhaustion.
• Bollinger Bands show price consolidation toward the lower band, suggesting oversold conditions.
• Key support at $0.003550 and resistance at $0.003630 may dictate near-term direction.

Amp (AMPUSDT) opened at $0.003701 on July 31 at 12:00 ET and closed at $0.003568 on August 1 at 12:00 ET, with a high of $0.003748 and a low of $0.003496. The total 24-hour trading volume was 192,167,742.0 USDT, and the notional turnover reached $684,334.

Structure & Formations

Price action on the 15-minute chart displayed a bearish trend with multiple engulfing patterns and a long lower shadow doji near the 61.8% Fibonacci retracement level of $0.003575. Key support levels are forming around $0.003550 and $0.003530, while resistance appears at $0.003630 and $0.003650.

Moving Averages

On the 15-minute chart, the price has been trading below both the 20-period and 50-period moving averages, indicating bearish control. On the daily chart, the 50-period MA is at $0.003600, above the 100- and 200-period lines, suggesting a bearish bias.

MACD & RSI

The RSI has dipped into oversold territory around 25, suggesting a potential short-term bounce, though bearish momentum remains strong. The MACD line has been negative for most of the day, with a bearish crossover confirming the downtrend.

Bollinger Bands

Volatility has expanded, with price hitting the lower Bollinger Band multiple times. This suggests a possible rebound from the band, but confirmation of a reversal would require a close above the middle band.

Volume & Turnover

Volume spiked in the late hours of July 31, particularly between 22:00 and 23:45 ET, as price accelerated downward. Notional turnover increased in line with volume, offering confirmation of the bearish move. A divergence between volume and price in the final hours may signal short-term exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing (from $0.003748 to $0.003496), price found support near the 61.8% level ($0.003575), which may hold in the short term. A break below $0.003550 could trigger a test of the 78.6% level at $0.003510.

Amp may find a short-term bounce near $0.003550 but could face renewed selling pressure if bearish momentum continues. Investors should watch for a potential test of $0.003530, though a reversal above $0.003600 would signal a shift in sentiment. As always, volatility remains a risk, and sudden moves could challenge current levels.