Technical Analysis of $FORTH

/USDT

Current Price: $5.167

24h High/Low: $5.300 / $4.950

24h Change: +2.89%

Key Support & Resistance Levels:

Support: $4.950 (Recent low level)

Resistance: $5.300 (Recent high level)

Momentum Indicators:

RSI (Relative Strength Index): Indicates neutral to slightly bullish momentum in the short term, trending around 50-60.

MACD (Moving Average Convergence Divergence): Positive cross, suggesting upward momentum.

Trend Analysis:

The market is experiencing a mild upward trend with the price hovering above $5, which indicates a potential continuation if the support level holds.

A breakout above the resistance level of $5.300 may trigger further bullish moves.

Trade Signal with Target Levels:

Entry: $5.160 (current price region)

Targets:

1. Target 1 (T1): $5.300

2. Target 2 (T2): $5.400

3. Target 3 (T3): $5.500

Stop-Loss: $4.950 (below support)

Trade Momentum: Bullish with moderate risk. The positive sentiment is backed by the breakout potential above $5.300.

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