This is a 4-hour chart of the FTM/USDT pair on Binance. It shows:
1. Rounded Top Formation:vPrice formed a rounded top, indicating a potential reversal or weakening of bullish momentum.
2. Support Levels: Horizontal white lines highlight key support zones where price recently reacted.
3. Current Range: The price is consolidating within a rectangle zone, suggesting indecision in the market.
4. RSI (Relative Strength Index): At 46.28, the RSI indicates neutral momentum, neither overbought nor oversold.
Price action suggests that a breakout above the consolidation zone could signal bullish movement, while a breakdown may lead to further downside.