Summary
• Price tested a key resistance at 1.802e-05 and formed a bullish harami near 1.806e-05.
• RSI showed overbought conditions near 1.814e-05 but declined, signaling possible exhaustion.
• Volatility expanded during the 06:45 ET candle, with a 1.817e-05 high and 1.796e-05 low.
• Volume surged during the 06:45 ET and 06:30 ET candles, confirming price action.
• Bollinger Bands suggest a consolidation phase below the 1.806e-05 upper band.
Market Overview
Ampleforth Governance Token/Bitcoin (FORTHBTC) opened at 1.768e-05 on 2025-12-24 at 12:00 ET, reached a high of 1.817e-05, and closed at 1.802e-05 on 2025-12-25 at 12:00 ET. Total volume was 1,761.48, and turnover was approximately 31.76.
Structure & Formations
The 24-hour chart shows a bullish trend with a key resistance at 1.802e-05 being tested multiple times. A harami pattern formed near 1.806e-05, suggesting potential consolidation or reversal. Price action appears to be testing upper Bollinger Bands, indicating increased volatility.
Moving Averages
On the 5-minute chart, 20- and 50-period moving averages indicate a bullish bias, with the price consistently above both. Daily moving averages (50/100/200) are supportive, with the 50-period line showing a slight upward trend, reinforcing the near-term bullish momentum.
Momentum Indicators
RSI fluctuated between overbought and neutral levels during the session, peaking near 75 before retracing. MACD showed a positive divergence, with the histogram expanding during the 06:45 ET and 07:00 ET candles, signaling increased buying momentum.
Bollinger Bands
Volatility expanded during the 06:45 ET candle, with a range of 1.796e-05 to 1.817e-05. Price settled near the upper band at 1.802e-05, indicating potential for a pullback or consolidation phase.
Volume and Turnover
Volume spiked during the 06:45 ET and 06:30 ET candles, coinciding with the highest price action of the session. Turnover aligned with these volume spikes, confirming the strength of the move. No significant divergence between price and volume was observed.
Fibonacci Retracements
Fibonacci levels from the 1.768e-05 to 1.817e-05 range indicate potential support at 1.800e-05 (61.8%) and 1.793e-05 (50%). These levels could offer short-term retest opportunities, especially if momentum wanes.
The pair appears to be consolidating near 1.802e-05 after a strong upward move. Investors may watch for a breakout above this level or a pullback to 1.793e-05 for potential entry points. A failure to hold above 1.793e-05 could signal short-term uncertainty.
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