AMPUSDT Fails to Confirm Rally Despite Surging Volume

Summary
• Price tested key support at $0.001430–0.001435, with mixed follow-through.
• Volume surged during the late ET session, but price failed to confirm higher.
• RSI signaled overbought conditions in midday, but a pullback followed.
• Bollinger Bands showed a modest expansion, suggesting elevated short-term volatility.
• No clear reversal or continuation pattern dominated, with price consolidating toward the end of the window.

Amp/Tether (AMPUSDT) opened at $0.001459 on 2026-02-23 at 12:00 ET and closed at $0.001458 on 2026-02-24 at 12:00 ET. The 24-hour range was $0.001426–$0.001466. Total volume was 53,065,880.00, and turnover reached $75,968.36.

Structure & Formations

Price action for AMPUSDT showed a consolidation pattern between key support at $0.001430–0.001435 and resistance at $0.001455–0.001460. A bearish engulfing pattern appeared during the late ET session as price tested $0.001435 but failed to break above $0.001455. A potential bullish reversal candle formed near $0.001455–0.001460 in the final hours, though follow-through was weak.

Moving Averages

Short-term momentum on the 5-minute chart indicated a mixed trend, with the 20-period MA trending upward in the latter half of the session, while the 50-period MA remained flat. This suggests a potential short-term retest of the $0.001445–0.001450 range.

MACD & RSI

The RSI hit overbought levels near 70 during the midday rally, suggesting a pullback was likely. MACD confirmed the strength of the late session rally but showed a weakening signal as the trend flattened. This implies that momentum may be running out of steam ahead of further directional moves.

Bollinger Bands

Bollinger Bands expanded during the late ET rally, indicating rising volatility. Price remained near the upper band in the midday session and drifted toward the middle band as the session progressed. This suggests a potential tightening phase, which could precede a breakout or a reversal.

Volume & Turnover

Volume spiked sharply during the late ET session, reaching a peak at $0.001446–0.001449. Turnover matched the volume surge but failed to confirm a strong move above $0.001455. A divergence between volume and price could signal weakening bullish momentum in the next 24 hours.

Fibonacci Retracements

Recent 5-minute swings placed the 38.2% and 61.8% Fibonacci retracements at $0.001445 and $0.001458, respectively. Price held near the 61.8% level during the final hours but failed to break through convincingly. A close above $0.001460 could target the $0.001465–$0.001470 range, while a break below $0.001445 could trigger a test of $0.001435.

AMPUSDT may consolidate in the near term as volatility declines and momentum wanes. A break above $0.001460 could signal a potential bullish shift, but investors should remain cautious as divergence in volume and weakening MACD hint at potential exhaustion in the current rally.