Ampleforth Governance Token (FORTHUSDT) Market Overview

• Price opened at $2.837 and advanced to a 24-hour high of $2.904 before retracting to $2.883 by 12:00 ET.
• A bullish engulfing pattern formed early on the 15-minute chart, suggesting a short-term buying interest.
• Volatility expanded through the day, with volume peaking at $25,039.19 and confirming the price breakout above prior resistance.
• RSI edged into overbought territory in the late session, signaling potential for a pullback or consolidation.
• Bollinger Bands widened through the day, reflecting increased uncertainty and positioning for a directional move.

Market Overview

Ampleforth Governance Token (FORTHUSDT) opened at $2.837 on 2025-08-12 at 12:00 ET and advanced to a high of $2.904 by the early hours of 2025-08-13. The pair closed at $2.893 by 12:00 ET the same day, with total volume of 250,391.90 and notional turnover of approximately $709,298. The price action reflects a strong bullish bias, especially in the early morning hours, followed by a consolidation phase as buyers absorbed key resistance levels.

Structure & Formations

The 15-minute chart showed a bullish engulfing pattern starting from 16:00 ET, confirming a reversal from a downtrend. Key support appeared at $2.83 and $2.813, with resistance levels forming at $2.87, $2.893, and $2.904. A notable Doji at $2.893 during the 13:00–13:15 window indicated indecision. The price has since found support at the 61.8% Fibonacci level of the 15-minute rally.

Moving Averages

While the 20-period and 50-period moving averages on the 15-minute chart crossed into a bullish alignment, the daily chart shows a more neutral stance, with the 50/100/200 EMA cluster around $2.86–2.87. This suggests short-term bullish momentum may not yet be aligned with the broader trend.

Momentum & Volatility

The RSI reached 68–70 in the late session, indicating overbought conditions and a potential pullback. MACD showed a positive divergence in the morning hours, confirming the bullish momentum. Bollinger Bands widened throughout the day, with price consistently staying within the top 25% of the band, signaling increased volatility and a possible consolidation phase.

Volume & Turnover

Volume spiked at key price levels, especially between $2.89–2.90, confirming strong buying interest. Notional turnover peaked at $25,039.19 during the 13:45–14:00 window, aligning with the price breakout. Divergence was not observed, suggesting that volume and price movements were well-aligned and confirming the bullish trend.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute rally from $2.813 to $2.904 showed price finding support at the 61.8% level ($2.883), followed by a test of the 50% level. The daily Fibonacci retracement from the recent high to low showed the 38.2% level aligning with current price action, suggesting a possible short-term equilibrium point.

FORTHUSDT appears to be positioned for a test of the $2.92–2.94 range in the next 24 hours, provided that volume and momentum remain supportive. A retest of $2.86–2.87 could occur if buying interest wanes. Investors should remain cautious about potential overbought conditions and the risk of a pullback, especially with RSI nearing 70.