Technical Analysis of Binance: $FORTH

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/USDT — bullish momentum in play

The FORTH/USDT pair is currently showing positive price movement with a 24-hour gain of +2.06%. After reaching a 24-hour high of $5.649, the price has consolidated around $5.645, demonstrating a strong support level at $5.40.

Key Points:

Current Price: $5.645 (+2.06%)

24-hour High: $5.649 | 24-hour Low: $4.716

Volume: 758,475 FORTH, 3.96 million USDT

1-Hour Movement: +3.41% (+0.186)

Looking at the hourly chart, the price has broken through the resistance zone at $5.60, indicating potential continuation towards $6.00. The RSI (Relative Strength Index) shows neutral levels, suggesting the opportunity for upward momentum without being overbought.

Support Zone: $5.40

Resistance Zone: $5.80 - $6.00

As the entire DeFi sector shows growth, FORTH may continue its bullish trend. However, traders should watch for signs of price deviation in the resistance range of $5.80-$6.00, which may signal a reversal or consolidation.

Stay tuned for updates and remember to manage your risks accordingly!