{"id":4142,"date":"2025-06-26T12:34:00","date_gmt":"2025-06-26T12:34:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/top-3-reasons-amp-crypto-price-will-rebound-after-crashing-40\/"},"modified":"2025-06-26T12:34:05","modified_gmt":"2025-06-26T12:34:05","slug":"top-3-reasons-amp-crypto-price-will-rebound-after-crashing-40","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/top-3-reasons-amp-crypto-price-will-rebound-after-crashing-40\/","title":{"rendered":"Top 3 reasons Amp crypto price will rebound after crashing 40%"},"content":{"rendered":"
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Amp crypto price has crashed by over 40% from its highest point in May and by nearly 80% from its 2024 high.\u00a0<\/p>\n

Amp (AMP) token dropped to a low of $0.00293 this week, its lowest level since April. This retreat has brought its market cap to $286 million, down from its all-time high of $3.5 billion. Here are the top three reasons why the coin may rebound soon.<\/p>\n

Amp crypto has formed a double-bottom pattern<\/h2>\n

The first reason Amp may bounce back is that it has formed a double-bottom pattern on the daily chart. This pattern consists of two distinct lows and a neckline. In this case, the bottom section is at $0.0029, while the neckline is at $0.00578.<\/p>\n

The profit target in a double-bottom is established by subtracting the lower side from the neckline. In this case, the calculation gives the pattern\u2019s height as $0.00288. Adding this figure to the neckline gives a target of $0.0086, up 155% from the current level.<\/p>\n

<\/source><\/p>\n<\/picture>
Amp price chart | Source: crypto.news<\/figcaption><\/figure>\n

Whales are buying Amp<\/h2>\n

Another reason the Amp token may rebound is that whales are actively accumulating AMP. These large holders are increasing their token holdings, signaling expectations of a price recovery.<\/p>\n

One reason for this accumulation is the belief that Amp is highly undervalued, as the MVRV ratio has plunged to -1.78. An MVRV ratio below 1 typically indicates that a token is trading at a discount.<\/p>\n

The chart below shows that wallets holding between 100,000 and 1 million AMP have increased their holdings to 1.1 billion from the year-to-date low of 1.05 billion. Similarly, whales holding between 1 million and 10 million tokens now hold over 1.97 billion coins, while those with 10 million to 100 million now hold 10.7 billion.<\/p>\n

<\/source>
\n\"Amp\n<\/picture>
Amp whale activity and MVRV | Source: Santiment<\/a><\/figcaption><\/figure>\n

Supply on exchanges is falling<\/h2>\n

Meanwhile, there are signs that investors are not dumping AMP even as its price declines. Nansen data shows that exchange balances have dropped to 15.35 billion tokens, down 15% in the last 30 days and 20% in the last 90. There were nearly 20 billion AMP on exchanges in April.<\/p>\n

<\/source>
\n\"AMP\n<\/picture>
AMP exchange balances | Source: Nansen<\/a><\/figcaption><\/figure>\n

Therefore, the strong technicals, combined with the falling supply on exchanges and increased whale accumulation, suggest that AMP may bounce back.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Amp crypto price has crashed by over 40% from its highest point in May and by nearly 80% from its 2024 high.\u00a0 Amp (AMP) token dropped to a low of…<\/p>\n","protected":false},"author":1,"featured_media":4143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=4142"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4142\/revisions"}],"predecessor-version":[{"id":4144,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4142\/revisions\/4144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4143"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}