AMPUSDT Market Overview: Volatility Peaks and Key Support Tested in 24-Hour Window

• Price dropped to a 24-hour low of $0.002950 amid increased bearish momentum in late ET hours.
• Volatility expanded during the night session, with a 4.6% swing from peak to trough.
• Key support levels appear near $0.003000 and $0.002950, with mixed volume confirmation.
• RSI and MACD indicate weakening bullish momentum and potential short-term oversold conditions.
• Notional turnover spiked mid-day but failed to confirm a reversal, raising divergence risk.

Amp/Tether (AMPUSDT) traded with heightened volatility over the 24-hour period, opening at $0.003040 on 2025-10-08 12:00 ET, reaching a high of $0.003187, a low of $0.002953, and closing at $0.002979 on 2025-10-09 12:00 ET. Total volume amounted to 123.7 million AMP, with a notional turnover of $371,370. Price action saw a bearish breakdown during the night session, suggesting bearish dominance.

Structurally, the pair formed several bearish candlestick patterns, including hanging men and bearish hammers near key psychological levels, such as $0.003050 and $0.003000. The 15-minute chart revealed a critical support zone forming between $0.002980 and $0.002950, with bearish volume increasing in the last hours. The 20-period and 50-period moving averages on the 15-minute chart remain in a downtrend, reinforcing short-term bearish bias.

The 50-period moving average on the daily chart crossed below the 100-period line, forming a bearish signal. On the MACD, bearish divergence became more pronounced during the last six hours of ET trading, with negative momentum accelerating. RSI approached oversold territory at 27–30 in the final 30 minutes, though this may not guarantee a bounce. Bollinger Bands expanded during the peak volatility period (09:00–10:00 ET), with price testing the lower band as a potential support area.

Notional turnover spiked during the 09:15–10:30 ET window as price moved from $0.002960 to $0.003022, with a volume spike of over 66 million AMP. However, the price failed to close near the high of that move, suggesting potential divergence. Fibonacci retracements at 61.8% (~$0.002976) and 78.6% (~$0.002950) became relevant during the final hours, with price closing near the 61.8% level.

Technical indicators used in the backtest hypothesis include a combination of RSI (14), moving averages (20/50), and Bollinger Bands (20-period, 2σ). The backtest strategy looks for RSI levels below 30 as a potential long entry signal, confirmed by the 20-period MA crossing above the 50-period MA and price trading above the upper Bollinger Band. This would signal a mean-reversion bullish setup. The strategy aims to capture rebounds from oversold conditions with strong volume confirmation and positive divergence in the MACD. Stop-loss placement would be at the recent swing low (e.g., ~$0.002950), with a take-profit target near the 50-period MA or the prior resistance level of $0.003050.