Binance Technical Analysis: $FORTH 👁️👁️

/USDT - Bullish Momentum in Play

The FORTH/USDT pair is currently experiencing positive price movement, with a 24-hour gain of +2.06%. After reaching a 24h high of $5.649, the price has consolidated around $5.645, showcasing a strong support level at $5.40.

Key points:

Current Price: $5.645 (+2.06%)

24h High: $5.649 | 24h Low: $4.716

Volume: 758,475 FORTH, 3.96M USDT

1h Movement: +3.41% (+0.186)

Looking at the 1-hour chart, the price has broken through the $5.60 resistance zone, indicating a potential continuation toward $6.00. The RSI (Relative Strength Index) shows neutral levels, suggesting that there is room for upward momentum without being overbought.

Support Zone: $5.40

Resistance Zone: $5.80 - $6.00

With the overall DeFi sector showing growth, FORTH might continue its bullish trend. However, traders should watch for signs of price rejection at the $5.80-$6.00 resistance range, which could signal a reversal or consolidation.

Stay tuned for more updates, and remember to manage your risk accordingly!