AMP and ATH Defy Market Chill as Crypto Rally Cools—Here’s Who’s Still Printing Gains
While Bitcoin flatlines and altcoins bleed, three tokens are bucking the trend with double-digit surges. Amp (AMP) and Aethir (ATH) lead the charge—proof that even in a bearish haze, speculative capital finds its marks.
Helium (HNT) rounds out the trio, though its infrastructure narrative plays second fiddle to pure momentum trading. Traders chasing these green candles should note: today’s top gainers often become tomorrow’s liquidation events when Wall Street bankers finish their coffee.
Amp’s uptrend is steady above $0.005
Amp’s price edges higher on Thursday, increasing by more than 3% to trade at $0.0051. The digital collateral token, which offers instant, verifiable assurances for any value transfer, boasts over 16% growth in value in the last 24 hours, defying the pullback in the broader crypto market.
Amp’s price sits above key moving averages ranging from the 200-day Exponential Moving Average (EMA) at $0.0049, the 100-day EMA at $0.0045, to the 50-day EMA at $0.0042, signifying a strong bullish momentum and the token’s ability to sustain recovery in upcoming sessions.
A daily close above the 200-day EMA WOULD encourage traders to keep their exposure to AMP, eyeing another leg up to $0.0065, a level tested last in January as support and in February as resistance.
Technical indicators support the bullish outlook, including the Moving Average Convergence Divergence (MACD), which currently sits above the center line, upholding a recently confirmed buy signal, and the overbought but uptrending Relative Strength Index (RSI) at 76.46.
AMP/USDT daily chart
Traders should brace for multiple scenarios despite AMP’s recent surge, as the RSI indicator’s overbought conditions signal a potential trend reversal. An increase in sell-side pressure due to potential profit-taking could halt momentum in the NEAR term.
Tentative support levels lie at the 200-day EMA at $0.0049, the 100-day EMA at $0.0045 and the 50-day EMA at $0.0042.
Aethir’s bullish comeback is in progress
Enterprise-grade Artificial Intelligence (AI)-focused token Aethir’s rally seems unstoppable despite the market-wide cool-off. ATH is up over 4% on the day and 16% in the last 24 hours to exchange hands at $0.052.
The rally follows a break above an extended descending trendline, which had capped Aethir’s upside price action since December. Subsequent gains above the 50-day EMA, the 100-day EMA and the 200-day EMA ascertained the uptrend’s strength.
The MACD indicator shows that bullish momentum is still strong as it lifts higher above the centre line, but a decisive break above Aethir’s (ATH) immediate resistance at $0.054 could trigger outsized gains in the coming days.
ATH/USDT daily chart
However, the RSI indicator overbought at 82.75, suggests that traders must be cautious. Overbought conditions are often a precursor to sudden sharp drawdowns, reflecting declining sentiment in the larger crypto market and potential selling for profit among traders.
Helium’s uptrend cracks below the 20-day EMA
Helium, the decentralised Internet of Things (IoT) token, enabling devices to communicate and share data, has encountered a massive resistance cluster slightly below the 200-day EMA at $4.38, resulting in a sharp drop in price to $4.00. Despite the recent pullback, HNT remains one of the best-performing crypto assets in the last 24 hours with a 3% price increase.
Before the pullback, HNT was on the cusp of validating a double-bottom pattern, projecting a 48.5% MOVE above the breakout point ($4.43) to $6.58. If declines overshadow the 100-day EMA support at $3.83, it would be difficult to immediately resume the uptrend, possibly culminating in larger than anticipated losses to $3.00, a support area tested frequently over the last three months.
HNT/USD daily chart
Based on the sideways movement of the MACD indicator above the mean line, consolidation could occur between the 100-day support at $3.83 and the 200-day EMA resistance at $4.38 ahead of the next breakout.
Cryptocurrency prices FAQs
How do new token launches or listings affect cryptocurrency prices?
Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
How do hacks affect cryptocurrency prices?
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
How do macroeconomic releases and events affect cryptocurrency prices?
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
How do major crypto upgrades like halvings, hard forks affect cryptocurrency prices?
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
