Market Overview for Ampleforth Governance Token (FORTHUSDT)

• Ampleforth Governance Token (FORTHUSDT) formed a bullish engulfing pattern late in the 24-hour period.
• Price surged from $2.756 to $2.891 before consolidating into a narrow range near $2.85.
• RSI suggested overbought conditions in the early morning, followed by a pullback.
• Volatility expanded during the Asian session before easing in the afternoon.
• Bollinger Bands showed a contraction after a sharp price rise, hinting at potential consolidation.

Market Overview

Ampleforth Governance Token (FORTHUSDT) opened at $2.815 on 2025-07-27 12:00 ET, surged to a high of $2.891, and closed at $2.852 by 2025-07-28 12:00 ET, with a low of $2.756 during the session. The total 24-hour volume was approximately 63,087.91 and turnover reached $178,892.70.

Structure & Formations

FORTHUSDT displayed a strong bullish reversal pattern in the form of a bullish engulfing candle during the early hours of 2025-07-28, signaling potential short-term momentum. The price then consolidated between $2.845 and $2.875, with a minor bearish divergence in the afternoon. Key support levels appear to be forming around $2.835 and $2.815, while resistance is consolidating near $2.875 and $2.891.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into a bullish alignment during the Asian session, reinforcing the morning’s upward move. On the daily chart, the 50-period MA is above the 100 and 200-period lines, suggesting a longer-term bullish trend.

MACD & RSI

The MACD histogram showed positive divergence in the early morning, confirming the bullish engulfing pattern. RSI reached overbought territory (above 70) around 01:00 ET before a pullback occurred. By midday, RSI had settled in neutral territory around 55, indicating a potential pause in momentum.

Bollinger Bands

Bollinger Bands showed a period of contraction after a sharp rise in the early morning, indicating a potential slowdown in volatility. Price traded within the upper half of the bands during the Asian and European sessions, suggesting continued bullish pressure. A potential break below the middle band in the afternoon may indicate a temporary pause or pullback.

Volume & Turnover

Volume spiked during the Asian session, especially around 05:15 ET, when the price reached $2.891. Notional turnover also increased sharply, confirming the strength of the move. However, volume decreased in the afternoon, which may suggest a temporary lull in conviction. A divergence between volume and price could be a sign of short-term exhaustion.

Fibonacci Retracements

On the 15-minute chart, the $2.852 close fell near the 61.8% retracement level of the previous upward move, suggesting a potential consolidation area. On the daily chart, the $2.852 level aligns with the 50% Fibonacci retracement of the recent bearish swing, which may act as a key support or pivot point in the near term.

FORTHUSDT appears to be consolidating after a strong 24-hour move, with key levels forming around $2.85 and $2.87. Investors may watch for a breakout above $2.875 or a breakdown below $2.835 in the next 24 hours. As always, be cautious of sudden volatility and potential macroeconomic triggers.