The AMP token has had a rough few months, crashing more than 40% since May and nearly 80% from its 2024 highs. Now hovering around $0.00293, the token’s market cap has fallen to roughly $286 million, a far cry from its peak of $3.5 billion.
But is a comeback on the cards?
Despite the recent downturn, several strong indicators suggest that AMP may be gearing up for a rebound. Let’s break down the top three reasons why this overlooked crypto might make a strong comeback.
- Double-Bottom Pattern Signals Possible Price Reversal
One of the most encouraging signs on AMP’s price chart is the formation of a double-bottom pattern — a bullish technical signal that often precedes upward price momentum.
The pattern shows two clear lows at around $0.0029, with a neckline resistance near $0.00578.
Based on this setup, the expected breakout target is approximately $0.0086, which would represent a 150%+ upside from current levels.
This kind of pattern is commonly seen as the first step toward a trend reversal, especially in oversold markets.
- Whales Are Quietly Accumulating AMP
Another promising sign? Whale wallets are steadily buying more AMP, even during the dip. On-chain data shows:
Wallets holding 100,000–1 million AMP increased their combined holdings from 1.05 billion to 1.1 billion tokens.
Larger wallets holding 10 million to 100 million AMP now control over 10.7 billion tokens.
This steady accumulation suggests that big players believe the token is undervalued — and could be preparing for future gains.
- Exchange Balances Are Shrinking
When crypto holders move their tokens off exchanges, it often means they plan to hold rather than sell — and that’s exactly what’s happening with AMP.
According to Nansen, AMP balances on exchanges have dropped to 15.35 billion tokens, down:
15% in the past month
20% in the last 90 days
This decline in available supply could help support prices if buying pressure increases in the near future.
Final Thoughts
While AMP has taken a significant hit, these three bullish signals — chart patterns, whale accumulation, and reduced exchange supply — suggest that a recovery may be in sight.
That said, crypto markets remain highly volatile, and investors should always do their own research before making any decisions.
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