Ampleforth Governance Token (FORTHUSDT) Market Overview

• Price rose from 2.665 to 2.804 over 24 hours, forming a bullish trend with a 6.7% gain.
• RSI reached overbought territory, indicating potential near-term consolidation.
• Volatility expanded in the final hours, with volume surging in the last 3 hours.
• A bullish engulfing pattern formed at the end of the session, suggesting continued upward bias.
• Price remains above key moving averages, reinforcing a short-term bullish stance.

At 12:00 ET on 2025-07-25, Ampleforth Governance Token (FORTHUSDT) opened at $2.665 and closed at $2.804 at 12:00 ET the following day, reaching a high of $2.806 and a low of $2.665. Total volume was 81,969.64, and notional turnover was $227,964.67.

Structure & Formations

The price of FORTHUSDT formed a clear bullish trend throughout the 24-hour window, with key support levels at $2.705–$2.710 and resistance at $2.770–$2.780 being repeatedly tested and broken. A notable bullish engulfing pattern emerged in the final candle at $2.779–$2.788, suggesting potential follow-through buying. A doji near $2.753 also indicated indecision before the upward breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish, with price staying above both for most of the session. On the daily chart, FORTHUSDT remains above the 50, 100, and 200-period moving averages, reinforcing a medium-term bullish bias.

MACD & RSI

The MACD line crossed above the signal line early in the session and remained in positive territory, confirming the upward momentum. The RSI surged into overbought territory, reaching 74, suggesting a potential pullback could be due in the near term.

Bollinger Bands

Volatility expanded in the final hours, with price pushing near the upper Bollinger Band at $2.806. The band width widened significantly after 08:00 ET, indicating increased market participation and bullish conviction.

Volume & Turnover

Volume spiked in the final 3 hours of the session, with a 3-hour volume of 17,772.19, or ~21.7% of total 24-hour volume. Turnover also increased during this period, aligning with the price move and suggesting strong confirmation of the bullish breakout.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $2.665 to $2.806, the 61.8% retracement level is at $2.736, which was tested but not broken. This suggests buyers are stepping in at key retracement levels, supporting the bullish narrative.

FORTHUSDT appears to have gained strong short-term momentum, with price action and volume aligning to reinforce the bullish trend. However, as RSI enters overbought territory, a consolidation or pullback may be due in the near term. Investors may want to monitor the $2.770–$2.780 zone for potential re-entry or confirmation of a new bullish phase. As always, volatility and market sentiment could shift quickly, so caution is advised.