$FORTH
/USDT - Technical Analysis🔥💯
Current Price: $5.685
24h High: $5.774
24h Low: $5.090
Support Level: $5.090
Resistance Level: $5.774
Technical Indicators:
RSI (14): Showing mild bullish momentum.
MACD: Positive crossover, indicating upward momentum.
Volume: Increasing volume, supporting bullish price action.
Trade Signal (Buy):
Entry Point: Around $5.685 (current price).
Target Levels:
1. Target 1: $5.774 (24h High resistance)
2. Target 2: $6.10 (Next resistance level)
3. Target 3: $6.50 (Higher resistance for a strong bullish breakout)
Stop Loss: $5.09 (24h Low, near support)
Momentum:
The price is currently experiencing upward momentum, with positive support from the RSI and MACD indicators.
With the recent increase in volume, there’s potential for the price to test resistance near $5.774, followed by further movement toward the $6.00+ levels if bullish sentiment holds.
Recommendation: Bullish outlook with targets at $5.774, $6.10, and $6.50. A stop loss at $5.09 helps manage risk in case of downward price action.