$FORTH Nearing Resistance: Breakout or Reversal Ahead?
$FORTH is currently trading at $5.410, steadily approaching its 24-hour high of $5.423, signaling strong upward momentum. The immediate resistance level at $5.450 could determine the next move. A breakout above this point may push the price toward $5.500 and $5.550, offering short-term opportunities for bulls.
On the downside, support lies at $5.350. A dip below this level might lead to a pullback toward $5.300, providing a potential re-entry zone. With RSI at 71, the market is entering overbought territory, so caution is advised as the price tests critical levels. Traders should watch for a confirmed breakout or signs of a reversal near resistance to plan their next move.