Ambrosus is a blockchain-based solution for supply chain management. The platform aims to provide the most comprehensive solution for food and pharmaceutical companies, as well as consumers.
Ambrosus, a blockchain-based supply chain management system, has been gaining a lot of attention in the cryptocurrency market. The ambrosus coin price prediction is whether or not it will hit $0.50 soon.
- The range of bullish AMB price predictions is $0.05 to $0.45.
- The price of AMB may potentially exceed $0.50.
- For 2021, the AMB bearish market price forecast is $0.002.
We utilize data, price trends, ADX, and other information about AMB to evaluate the cryptocurrency’s future movement in AMB price forecast 2021.
Ambrosus is a popular blockchain platform for decentralized applications, IoT security, physical asset management, and integrating blockchain into business software.
Ambrosus’s Current Market Situation (AMB)
At the time of writing, the price of AMB was $0.0416, with a 24-hour trading volume of $572,425 according to Coingecko. In the past 24 hours, however, AMB has fallen to 12.50 percent.
Furthermore, there are 222,594,772 AMB in circulation. AMB now trades on Binance, HitBTC, ProBit Global, KuCoin, and CoinDCX, among other cryptocurrency exchanges.
Price Prediction for Ambrosus (AMB) in 2021
Ambrosus (AMB) is currently ranked 1253rd on CoinGecko. The price of Ambrosus in 2021 is forecasted using a daily time period, as shown below.
Higher High and Higher Low Pattern in AMB/USDT (Image courtesy of Tradingview)
An uptrend occurs when the peaks and troughs on a chart rise. Higher highs and lower lows characterize the rise in prices. Prices that were regarded as highs in the preceding era are now much higher than they were before the uptrend started.
Not only do the highs end up being greater, but the preceding period’s lows acquire value and end up being higher as well. This tells a trader that prices are increasing and the total value is growing, signaling that it’s time to sell and profit before the downturn begins.
AMB is now trading at $0.0416. Following that, AMB may continue to decline in a pattern of higher highs and higher lows. With this pattern, AMB may soon hit the $0.45 resistance level. If the trend changes, the price of AMB may drop below $0.02.
Support and Resistance Levels for Ambrosus (AMB)
The chart below depicts Ambrosus’ support and resistance levels (AMB).
Support and Resistance Levels for AMB/USDT (Source: Tradingview)
According to the aforementioned chart, the resistance and support levels for AMB are as follows.
- $0.05 for Level 1 Resistance
- $0.16 is the second level of resistance.
- $0.45 is the third level of resistance.
- Level 1 Support – $0.02
- Level 2 Support – $0.011
The graph shows AMB’s bullish performance over the preceding month. However, this trend will eventually hit the $0.45 resistance level. If the trend were to reverse, AMB might fall below $0.02, indicating a bearish indication.
Average Directional Index of Ambrosus (AMB) (ADX)
Take a peek at the AMB’s Average Directional Index now (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of AMB is seen in the chart above, with a range of 33.77, indicating a strong trend.
Ambrosus is a cryptocurrency that is ideal for long-term investment. In addition, the AMB price forecast is positive in the near term. This year, it has a strong probability of hitting $0.45. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the AMB ecosystem, AMB’s performance is expected to increase to $0.45 in the near future. However, if investors think AMB is a solid investment in 2021, it might reach $0.50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The amb price is the price of Ambrosus in US Dollars. It’s currently $0.002651, and it’s expected to hit $0.50 soon.
Frequently Asked Questions
Is AMB coin a good investment?
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What is AMB token?
The Ambrosus token is an ERC20 token that allows for the transfer of value on the Ambrosus network.
Is etc a good investment 2021?
Yes, etc is a good investment for the future.
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