Market Overview for Ampleforth Governance Token (FORTHUSDT)

• Price declined sharply from $2.89 to $2.79 before rebounding to close near $2.88 at 12:00 ET.
• A bullish reversal pattern emerged around 23:45 ET with a 1.5% bounce over 90 minutes.
• Volatility spiked midday before contracting into a tight consolidation phase overnight.
• MACD turned positive during the morning surge, suggesting short-term momentum may favor buyers.
• RSI bottomed near oversold levels, indicating potential for further upward correction.

The Ampleforth Governance Token (FORTHUSDT) opened at $2.883 on 2025-08-25 12:00 ET, surged to $2.896, fell to a low of $2.769, and closed at $2.88 at 12:00 ET. Total volume for the 24-hour period was approximately 259,672.09, with total turnover reaching $710,472.82.

Structure & Formations

FORTHUSDT formed a key support level near $2.78–2.80 after a sharp selloff beginning at 20:15 ET. A bullish reversal pattern appeared at 23:45 ET, with a strong close above the session’s low. A small bearish engulfing pattern at 00:15 ET on 2025-08-26 hinted at short-term uncertainty, though it was quickly reversed. Resistance appears to form at $2.88–2.90, where the price tested twice in the afternoon.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line mid-morning, signaling a short-term bullish trend. The 50/100/200-day averages, based on the latest available daily data, suggest a broader sideways trend, with no clear long-term direction. The recent price action has not decisively moved above or below any of the key daily averages.

MACD & RSI

The MACD turned positive at 06:15 ET and remained above the signal line until 10:30 ET, confirming bullish momentum. The RSI reached oversold levels near 30 overnight and rebounded toward the 50 level by midday, suggesting short-term buying interest. However, a potential overbought condition may emerge as price approaches $2.90, warranting caution for further upside.

Bollinger Bands

Volatility expanded sharply after the 20:15 ET selloff and remained elevated until 01:00 ET. Since then, the price has moved within a narrower band, indicating a period of consolidation. The close at 12:00 ET sits just below the upper Bollinger Band, suggesting the price could test $2.92 in the near term.

Volume & Turnover

Volume spiked during the selloff at 20:15 ET and again in the morning surge, with notable turnover spikes at $2.89–2.90. The volume during the bullish bounce was relatively modest, suggesting the rebound may not be confirmed unless turnover increases. Price and turnover appear in alignment during the morning rally, which supports the validity of the move.

Fibonacci Retracements

The most recent 15-minute swing from $2.896 to $2.769 saw the price retrace to 61.8% at $2.836 before bouncing further to $2.886. On the daily chart, the broader move has retraced 50% of a prior bearish leg, suggesting $2.88 could act as a pivot point. A break above $2.905 (78.6%) could signal the start of a new bullish phase.

FORTHUSDT appears to be consolidating after a volatile 24-hour period, with potential for a short-term bullish breakout if volume and momentum confirm a move above $2.90. However, the recent volatility and divergences in volume suggest caution, as sharp corrections could still occur if selling pressure resurfaces.