Ampleforth Governance Token/Bitcoin 24-Hour Market Overview

Summary
• Price climbed from $1.938e-05 to $1.991e-05 before consolidating.
• High momentum in the early morning hours with volume spiking above $1000.
• 15-minute RSI indicates overbought levels, suggesting potential pullback.

Opening Report

Ampleforth Governance Token/Bitcoin (FORTHBTC) opened at $1.938e-05 on 2025-11-05 17:00 ET and traded between $1.938e-05 and $2.055e-05 over the next 24 hours, closing at $1.990e-05 at 12:00 ET on 2025-11-06. Total traded volume amounted to 4,085.73 units, with a notional turnover of approximately $81.40.

Structure & Formations

The price of FORTHBTC exhibited a bullish breakout from a tight 15-minute consolidation channel around $1.97e-05, followed by a strong rally to $2.055e-05. A key resistance appeared at this level, with a failed attempt to break through confirmed by a bearish reversal candle. Support levels were identified at $1.97e-05, $1.95e-05, and $1.93e-05. A notable pattern was a bullish engulfing candle at $1.991e-05 during early morning trading, suggesting a potential short-term reversal.

Moving Averages

On the 15-minute chart, the 20-period moving average was above the 50-period line, suggesting a bullish trend in the short term. On the daily timeframe, FORTHBTC remains above the 50 and 200-day moving averages, indicating a longer-term bullish bias, though the 100-day line appears to act as a key near-term resistance.

MACD & RSI

The MACD line crossed above the signal line late in the session, signaling increasing bullish momentum. RSI reached overbought territory above 70 during the morning rally, suggesting a high probability of a pullback or consolidation in the near term.

Bollinger Bands

Price action remained within the upper Bollinger Band for most of the morning, indicating strong volatility. A contraction occurred in the early hours of 2025-11-06, followed by a breakout that confirmed the bullish trend. The current price is near the upper band again, reinforcing the overbought condition.

Volume & Turnover

Volume surged to a high of 1,189.17 units at 02:30 ET, correlating with the price breakout. Total volume for the 24-hour period was 4,085.73 units, with turnover peaking at $81.40. Volume and price action aligned during the rally, confirming the bullish move.

Fibonacci Retracements

A key Fibonacci level of 61.8% was tested at $1.995e-05, where price stalled and pulled back slightly. The 38.2% level at $1.96e-05 provided support earlier in the session, with price rebounding from that area.

Backtest Hypothesis

Given the presence of a bullish engulfing pattern at $1.991e-05 and the strong volume confirmation, a 3-day holding-period backtest could be constructed using the FORTHBTC pair (if available on Binance or similar exchanges). Testing the signal from January 2022 to the present could validate its efficacy, especially when paired with a stop-loss at the 38.2% Fibonacci level or a 1.5% trailing stop.