Technical Analysis for $FORTH

/USDT

Current Price: $5.23

Trend: Neutral (Sideways movement observed in recent hours)

Support Level: $4.898 (24h Low)

Resistance Level: $5.453 (24h High)

Indicators:

RSI: ~50, indicating neutral momentum (neither overbought nor oversold).

MACD: Slight bearish crossover, signaling potential short-term weakness.

Moving Averages: Price is hovering around the 50-period moving average, reflecting indecision in the market.

Trade Signal:

Buy Signal: If the price breaks above $5.50 (Resistance Level), it could test higher levels with momentum.

Sell Signal: If the price falls below $4.90 (Support Level), it may signal a bearish move, and selling could be considered.

Target Levels 🎯:

1. Target 1: $5.50 (Next Resistance)

2. Target 2: $5.75 (Higher bullish potential if momentum persists)

3. Target 3: $6.00 (Key level for continued uptrend)

Trade Momentum:

Bullish Scenario: If momentum increases after breaking resistance ($5.50), target levels are likely to be reached.

Bearish Scenario: Losing support around $4.90 could lead to further downside movement towards $4.60 or lower.

Recommendation: Monitor the break of resistance at $5.50 or support at $4.90 for confirmation of trade direction.

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