$FORTH Technical Analysis – Binance | Target Price Update
The $FORTH pair is demonstrating a bullish recovery, currently trading at $5.81, marking a +7.75% gain in the last 24 hours. The momentum signals potential upside, with key resistance levels coming into focus.
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Key Trading Data:
Current Price: $5.81
24h High: $6.561
24h Low: $5.200
24h Volume (FORTH): 1.90M
24h Volume (USDT): 11.31M
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Technical Indicators:
Short-term Moving Averages:
MA(7): $5.136 (strong short-term support)
MA(25): $5.875 (resistance zone to monitor)
MA(99): $5.622 (medium-term support)
The price trading above the MA(7) and nearing the MA(25) suggests bullish strength. A break above $5.875 could ignite further gains toward the recent high.
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Key Levels to Watch:
Immediate Resistance: $6.561 (24h High)
Next Target: $6.70 - $7.00 (psychological resistance)
Support Levels: $5.622 (MA(99)) and $5.200 (24h Low)
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Outlook and Target:
With $FORTH gaining upward momentum and breaking key short-term resistances, traders should keep an eye on $6.561 as the first target. A successful breakout above this level could lead to a rally toward $6.70-$7.00. However, maintaining support above $5.622 will be crucial to sustain this bullish trend.
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Conclusion:
FORTH is showing clear signs of strength on Binance, with a target price of $6.561 in the short term and potential upside to $7.00 if momentum continues. Traders are advised to watch the resistance levels closely and monitor the support zones for any reversals.
