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AMC’s price is down 19% over the past 24 hours to trade at $0.00000007277 as of 01:55 AM EST.
Historically, market watchers have often pegged AMC’s price to Gamestop’s price.
$AMC 🍿 $GME 🎮As I continued to monitor the price action today expecting a gap up or upward move like May 24th or 30th, that did not happen today even though today is the first day of swap report requirements (June 24th – September 30th) I don’t know why but it seems to be delayed Tomorrow. Me too… https://t.co/Z6OKv6zXz0 pic.twitter.com/VzD7ndIOQP
– UCopy (@UCopy417) June 25, 2024
Darren, an options and stock trader, noticed that the AMC price has shown a giant bearish expanding wedge on the macro time frame.
$AMC The macro is just a giant descending wedge.
The dam is set.
When it breaks, we go to Valhalla.
Neither sooner nor later.The weekly pressure is still building (longest buildup in stock history).
Expect more ups and downs, more grinding. pic.twitter.com/SP6dYcH6Ld
– Darren (YieldBOSS) (@DLewTrades) June 24, 2024
Thus, he expects a big move once this pattern is broken. For some, the turnout is not a surprise, with traders like The Weekly, an X trader, indicating they expected it to happen. “…In short, if 86% of trading is happening over-the-counter while someone is stuck in large short positions, that’s a siren call. The stock is poised for a dramatic short squeeze, with hidden forces ready to unleash a torrent of volatility. “Fasten your seatbelt, the ride is about to get wild,” he wrote in a June 21 post.
A must read if you have $AMC or $GME
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨If you see that 86% of A
Over-the-counter stock trades take place, and while you know someone is severely short, be prepared. Here’s why this is a huge red flag for hedges:1.🌊 Tsunami of hidden demand: massive purchases… pic.twitter.com/RpVe5O9KGN
-The Weekly (@WeeklyDemandAM) June 21, 2024
AMC price forecast
AMC price is trading with a bearish bias on the four-hour time frame, being suppressed below the downtrend line. With the $0.00000007295 level barely serving as a support floor, AMC price can break below it to continue the downtrend.
Looking at the 4-hour Relative Strength Index (RSI), there is a lack of conviction among AMC bulls. The momentum indicator is heading south, indicating waning buying pressure. In a similar way, its position below the median level of 50 also indicates a bear-dominated market.
If the RSI continues to decline, indicating increasing bearish sentiment, AMC price could slide below the critical support level at $0.00000007295. In a difficult case, the downtrend could extend to test the psychological level of $0.00000005000.
GeckoTerminal: AMC/USD 4-hour chart
On the other hand, the position of the moving average convergence and divergence (MACD) above the signal line (orange band) indicates that the short-term moving average is higher than the long-term moving average, indicating a potential upward trend.
If the AMC bulls show resolve, they could reclaim the market, with the ensuing buying pressure setting the stage for an uptrend. Notably, only a stable close above $0.00000030275 will make AMC attractive to buy.
Meanwhile, as the AMC price sets its next directional bias, other investors are buying the new pre-sold meme coin Pepe Unchained (PEPU). YouTube channel 99Bitcoins says PEPU is one of the best cryptocurrencies you can buy right now and has the potential to rise 100x after its launch.
A promising alternative to AMC
Baby is unrestrained It raised over $150,000 within minutes of its launch and has since surpassed $612,000.
Pepe Unchained aims to follow in the footsteps of its predecessor, the original Pepe (PEPE). The frog-themed meme coin is now the third largest meme coin in the cryptocurrency market, boasting a market capitalization approaching $5 billion.
But it is the first Pepe token to run on its own Ethereum Layer 2 blockchain. Through this, the project aims to address the scalability, speed and efficiency issues that often plague meme currencies built on the Ethereum Layer-1 blockchain.
Who needs some brain powder?
Pepe is preparing for the official launch of his blockchain! 🚀 pic.twitter.com/kZC72UmxFy
– Pepe Unchained (@pepe_unchained) June 20, 2024
Being a Layer 2 (L2) meme coin, Pepe Unchained will allow investors to seize market opportunities more efficiently.
Specifically, you don’t need to HODL (hang on for dear life) in anticipation of strong returns. This is because there is a 3,614% annual yield (APY) for PEPU tokens.
You can Buy $PEPU tokens For $0.008032 each. With prices rising in less than 18 hours, buy soon to get the best deal.
Visit and purchase Pepe Unchained here.
Read also:
PlayDoge (PLAY) – The latest ICO on the BNB chain
- 2D Virtual Doge Pet
- Play to earn Meme Fusion Coin
- Staking and in-game token rewards
- SolidProof – playdoge.io has been audited
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