Ampleforth Governance Token (FORTHUSDT) Market Overview

• Price declined from $2.53 to $2.42 in 24 hours amid bearish momentum and key support tests.
• Volatility expanded as price broke below the 20-period moving average, signaling bearish bias.
• RSI entered oversold territory, suggesting potential short-term bounce or consolidation.
• Bollinger Band contraction and volume spikes hinted at possible trend reversal or continuation.

Ampleforth Governance Token (FORTHUSDT) opened at $2.517 on 2025-08-01 at 16:00 ET and closed at $2.419 on 2025-08-02 at 16:00 ET. The 24-hour range was $2.536 (high) to $2.412 (low), with total volume of 111,345.29 and turnover of $276,787.87.

Structure & Formations

The 24-hour chart for FORTHUSDT revealed a bearish breakdown from a key resistance level near $2.53 to a critical support area around $2.44. A series of bearish engulfing patterns and a long lower shadow at $2.417 suggested aggressive selling pressure. A potential double bottom may be forming near $2.44, which could act as a short-term floor.

Moving Averages

On the 15-minute chart, price broke below the 20-period and 50-period moving averages, reinforcing the bearish bias. Daily moving averages (50/100/200) were not provided, but the price is likely below all three, indicating a prolonged bearish trend.

MACD & RSI

The MACD showed a bearish crossover with the signal line and negative divergence, suggesting weakening bullish momentum. RSI fell below 30 into oversold territory, hinting at a potential short-term rebound or consolidation phase. However, RSI remains below 40, signaling that the bearish trend may not have lost steam entirely.

Bollinger Bands

Volatility expanded throughout the 24-hour period, with price testing the lower Bollinger Band near $2.44. A contraction was observed earlier in the session, which could indicate a potential reversal. However, the continued price action near the band’s lower boundary suggests a higher risk of a breakdown.

Volume & Turnover

Volume surged near the $2.47 to $2.44 price range, coinciding with a key breakdown. This volume confirmed the bearish move rather than contradicting it. The highest turnover occurred around $2.49 to $2.45, aligning with the price’s bearish acceleration.

Fibonacci Retracements

On the 15-minute chart, the price found support at the 61.8% Fibonacci retracement level of the prior bullish swing, reinforcing the $2.44–$2.47 range as a key area of interest. Daily Fibonacci levels were not provided, but the 61.8% retracement of the recent bearish move could act as a potential short-term target for buyers.

FORTHUSDT may test the $2.44 support again in the next 24 hours and could consolidate if buyers step in. However, a breakdown below this level could trigger further declines to $2.41 or lower. Investors should remain cautious of continued bearish momentum and potential for extended selling.