🌟$FORTH / USDT: DeFi Token Market Analysis 📉

Current Price: $5.639
24h Change: -4.29%
24h High: $6.200
24h Low: $5.527
24h Volume:

$FORTH : 967,549.29USDT: 5.60M

📊 Technical Overview:

15-Minute Chart: FORTH has experienced significant downward momentum, reaching a low of $5.529 before bouncing back slightly.Moving Averages:MA(7): $5.611MA(25): $5.704MA(99): $5.731
The MA(7) is trailing below the longer-term averages, signaling ongoing bearish sentiment.

🔍 Market Insights:

Support Level: $5.527 is a key support zone; a break below could lead to further downside.Resistance Level: Immediate resistance at $5.704, aligning with the MA(25).Despite a 4.29% drop, the current retracement shows some buyer interest around the $5.530–$5.640 range.

💡 Key Takeaways:
FORTH is under selling pressure in the short term, but the current bounce suggests a potential reversal or consolidation phase. Traders should watch for a break above $5.704 for bullish confirmation or a test of $5.527 for further downside.