Technical Analysis for FORTH/USDT:
Current Price: $4.78 (+6.62%)
Trend: Bullish momentum as the price is rising with a +6.62% increase in the last 24 hours.
Support Level: $4.408 (24h Low)
Resistance Level: $4.796 (24h High)
SAR (Stop and Reverse): $4.615, indicating a potential bullish trend continuation if the price stays above this level.
Momentum Analysis:
Price Movement: Strong upward movement, indicating increasing buyer interest.
Volume: The 24-hour volume of 607,397.59 FORTH suggests active market participation, supporting the upward trend.
Trade Signal:
Buy Signal: If the price holds above $4.615 (SAR), suggesting continued bullish momentum.
Target Levels 🎯:
1. Target 1: $4.85 (Next resistance level)
2. Target 2: $5.00 (Psychological round number and possible strong resistance)
3. Target 3: $5.20 (Extended target based on upward trend)
Trade Momentum: Bullish. The trend is up with strong support at $4.615. A breakout above $4.796 could confirm a continuation to higher levels. Stay cautious near the resistance levels.