$FORTH

/USDT Technical Analysis – Daily Update

Current Price: $5.87 (+6.45%)

24h Range: $5.403 - $6.152

Volume: 743,226 FORTH / $4.41M USDT

Trend: Bullish

Technical Overview

1. Support Level: $5.40

FORTH found strong buying support at $5.40 during the last 24 hours, bouncing back with a 6%+ gain.

2. Resistance Levels:

Immediate Resistance: $6.00 – A psychological barrier as price approaches round numbers.

Strong Resistance: $6.15 – Tested multiple times in the past 24 hours but not yet broken.

3. Indicators:

RSI (Relative Strength Index): 67 – Approaching overbought levels but still room for growth.

EMA (Exponential Moving Average): Price is trading above the 20-day EMA, confirming the bullish trend.

Targets 🎯

1. Target 1 – $6.00:

Breaking above this level could indicate the continuation of the bullish trend, with strong momentum from buyers.

2. Target 2 – $6.50:

If $6.00 is cleared, this level aligns with the next significant resistance zone on the daily chart.

3. Target 3 – $7.00:

A long-term bullish target if FORTH sustains momentum and positive market sentiment.

Trading Strategy

Bullish Case: If $6.00 resistance is broken, look for entries above $6.05 with a stop loss around $5.70.

Bearish Case: If price fails to hold above $5.40, the trend may reverse towards $5.00.

Note: Monitor Bitcoin and overall market conditions for additional confirmation.

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