Market Overview for Ampleforth Governance Token (FORTHUSDT)

• Ampleforth Governance Token (FORTHUSDT) experienced a volatile 24-hour session, with price surging from $2.688 to $2.88 before consolidating near $2.75.
• Key resistance emerged around $2.88, while support held at $2.70–$2.75 during the final 6 hours of the period.
• Momentum shifted multiple times, with a sharp bearish move post-20:00 ET followed by a rebound, suggesting mixed sentiment.
• Notable volume spikes occurred during the $2.748–$2.874 rally and the $2.864–$2.798 correction, confirming key price levels.
• A bullish engulfing pattern formed near $2.715–$2.725, signaling short-term buying pressure following a bearish phase.

Ampleforth Governance Token (FORTHUSDT) opened at $2.688 on 2025-07-16 at 12:00 ET and reached a high of $2.88 before closing at $2.747 by 12:00 ET on 2025-07-17. The 24-hour period saw a total volume of 336,298.88 and a notional turnover of $913,582.53.

Structure & Formations

Price action displayed a classic V-shaped recovery after a sharp bearish move from $2.864 to $2.798. A bullish engulfing pattern emerged between $2.715 and $2.725, suggesting short-term bullish momentum. Key support levels were identified around $2.70–$2.75, with resistance at $2.80 and $2.88. A long lower shadow on the candle closing at $2.747 indicates rejection of further bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period MA (2.735) and 50-period MA (2.742) crossed to form a potential bullish signal, indicating price is trending above its recent average. Daily MAs (50, 100, and 200) would need to be evaluated for broader context, but 15-minute momentum appears to have turned in favor of buyers.

MACD & RSI

The MACD line crossed above the signal line during the rally from $2.748 to $2.874, confirming bullish momentum. However, RSI reached overbought levels during the $2.88 peak and pulled back below 50, signaling potential exhaustion. RSI currently sits at 55, suggesting a neutral to mildly bullish bias, though caution is warranted if it fails to break 60.

Bollinger Bands

Volatility expanded during the sharp move from $2.748 to $2.874, with price reaching the upper band. A contraction followed in the last 6 hours, with price consolidating near the middle band. This suggests a period of consolidation may precede a breakout attempt.

Volume & Turnover

Volume spiked significantly during the $2.748–$2.874 rally and again during the $2.864–$2.798 correction, confirming both bullish and bearish moves. Notional turnover aligned with these volume spikes, showing no divergence between price and flow of funds. This suggests institutional or large-cap investor activity may have driven the swings.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $2.748 to $2.874, the 61.8% level at $2.83 and 38.2% at $2.81 appear to have acted as resistance. On the daily chart, retracement levels from the prior major move could provide additional insight, but the 15-minute retracement levels suggest potential resistance ahead of $2.83.

Looking ahead, FORTHUSDT may test the $2.80–$2.83 range in the next 24 hours, with a breakout above $2.83 potentially confirming a bullish bias. However, a failure to hold above $2.75 could reignite bearish sentiment. Investors should remain cautious of volatility and monitor volume for confirmation of key levels.