Ampleforth Governance Token (FORTHUSDT) Market Overview

Market Summary

• Price closed at $2.597 (+0.4%) after 24-hour volatility between $2.625 (high) and $2.482 (low).
• Resistance near $2.625 faces strong overhead selling, while $2.482 holds as key support.
• A bullish engulfing pattern formed at the 12:00 ET close, signaling potential continuation.

Market Analysis

Ampleforth Governance Token (FORTHUSDT) closed at $2.597 on July 15, 2025, up 0.4% from its 12:00 ET open of $2.584. Over the 24-hour period, the price fluctuated between a high of $2.625 and a low of $2.482, with total trading volume reaching 194,372 units and total turnover 1,277,765 USD.

Structure & Formations

The price tested $2.625 (July 15’s intraday high) with heavy resistance, marked by a sharp sell-off to $2.482—a 6% drop—where volume spiked (121,346 units). This level now acts as critical support. Recent candles show a recovery, with the final 15-minute bar forming a bullish engulfing pattern, suggesting potential upward momentum.

Moving Averages

The 20-period MA on the 15-minute chart holds near $2.55, while the 50-period MA lags at $2.53. Daily moving averages (50/100) remain bearish, but the 15-minute bullish crossover hints at short-term resilience.

MACD & RSI

MACD crossed above its signal line on July 15, signaling improving momentum. RSI, after dipping to 30 (oversold) at $2.482, rebounded to neutral territory (50), suggesting a potential reversal from oversold conditions.

Bollinger Bands

The bands expanded during the $2.482–$2.625 swing, with price hugging the upper band at $2.597. A contraction could foreshadow a breakout, while a close below the 20-period MA ($2.55) might signal renewed downside.

Volume & Turnover

Volume spiked during the $2.482 low (121,346 units) but eased afterward, averaging ~2,000 units post-recovery. Turnover peaked at $10,795 during the drop, with recent trades at ~$2,500—suggesting choppy liquidity.

Fibonacci Retracements

The $2.482–$2.625 swing’s 38.2% retracement (~$2.545) and 61.8% (~$2.517) act as intermediate support/resistance. A break above $2.625 could target $2.65, while a close below $2.517 may retest $2.482.

Outlook & Risks

The price may challenge $2.625 resistance in the next 24 hours, but buyers must sustain volume above $3,000 to confirm strength. Caution is warranted below $2.545, where a retest of $2.482 could occur. Traders should monitor RSI for overbought signals ($2.625+) and protect profits near key supports.