Market Overview for Ampleforth Governance Token/Bitcoin (FORTHBTC)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 9:22 am ET1min read
BTC
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Aime RobotAime Summary

- FORTHBTC tested 1.961e-05 support before rebounding, with RSI in oversold territory but no bullish breakout.

- Bearish signals emerged via MACD crossover, Bollinger contraction, and a 19:30 ET volume spike confirming downward momentum.

- Price closed near daily low at 1.97e-05, below 50-period MA, with Fibonacci levels suggesting potential continuation of the downtrend.

- Key resistance at 1.981e-05 remains unbroken, while subdued late-session volume hints at possible short-term consolidation.

Summary
• Price tested key support at 1.962e-05 before rebounding.
• Volume surged after 19:30 ET, confirming a short-term bearish shift.
• RSI signaled oversold conditions, but price failed to break above 1.995e-05.
• MACD crossed bearish, aligning with weak momentum.
• Bollinger Band contraction was observed before the break.

Ampleforth Governance Token/Bitcoin (FORTHBTC) opened at 1.984e-05 on 2026-01-07 12:00 ET and closed at 1.97e-05 at 12:00 ET the following day. The price reached a high of 1.995e-05 and a low of 1.961e-05 over the 24-hour period. Total volume was 1,265.95, and turnover amounted to approximately 0.02524 BTC.

Structure & Formations


The price moved within a tight range for the first 1.5 hours, forming a consolidation pattern before breaking lower. A bearish engulfing pattern emerged around 19:30 ET, signaling potential downside. A double bottom formation appeared near 1.961e-05 and 1.967e-05, suggesting support may hold. A doji formed near 1.974e-05, indicating indecision.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned, suggesting a neutral trend.
The 50-period MA crossed below the 20-period MA, hinting at a short-term bearish tilt. On the daily chart, the price moved slightly below the 50-period MA, indicating a weakly bearish bias over a longer horizon.

MACD & RSI



The MACD turned negative around 19:00 ET and remained below the signal line, reinforcing bearish momentum. RSI dipped into oversold territory (below 30) near the end, but price failed to follow through on a bullish breakout. This divergence suggests further caution is warranted.

Bollinger Bands


Volatility remained low for most of the session, with price staying near the middle band. A contraction in the bands before 19:30 ET preceded a sharp break to the downside. Price closed near the lower band, indicating bearish pressure.

Volume & Turnover


Volume spiked around 19:30 ET and again after 22:00 ET, coinciding with bearish price action. Turnover mirrored the volume spikes, confirming the bearish sentiment. However, volume remained subdued in the final hours, suggesting a potential pause in selling pressure.

Fibonacci Retracements


On the 5-minute chart, price found support near the 61.8% retracement level of the previous bullish swing. Daily Fibonacci levels showed the 38.2% retracement at 1.981e-05 coincided with a key resistance. Price failed to break above this level, hinting at potential continuation of the downward trend.

FORTHBTC may test the 1.961e-05 support level in the next 24 hours if bearish momentum continues. A rebound above 1.981e-05 could indicate a temporary pause in the downtrend, though risks remain skewed to the downside given the prevailing technical indicators. Investors should monitor volume and price divergence for potential reversal signals.