The $FORTH rally has been nothing short of explosive—up 26.25% in the past 24 hours, hitting a high of $5.46. But is this just a temporary surge, or is there more upside to come? Here’s my detailed analysis for those looking to capitalize on the trend:
Market Overview:
Current Price: $3.17
24h High: $5.46
24h Low: $2.28
Volume (FORTH): 25.13M
Volume (USDT): 85.02M
📉 MACD Momentum:
DIF: 0.147 (Strong bullish signal)
DEA: 0.165 (Bullish continuation)
MACD: -0.018 (Indicating a possible short-term pullback before the next push)
Bullish Scenario (If $FORTH Holds Above $3.00):
Entry Point: $3.30
Targets: $3.80 → $4.20 → $5.00+
Stop Loss: $2.80
Bearish Scenario (If Price Drops Below $2.80):
Entry Point: Below $2.80
Targets: $2.50 → $2.20 → $1.80
Stop Loss: $3.30
Market Insight: Despite the stellar bullish momentum, we could see a short-term pullback as the MACD shows slight divergence.
If $FORTH consolidates above $3.00 and volume ramps up, it could set the stage for more bullish moves towards $4.20 or $5.00.
🔥 Pro Tip: Keep an eye on the $3.30 level for a solid confirmation of upward momentum. High-volume breakouts above this price could signal more upside in the coming days.
Riding the bullish trend or waiting for a pullback to buy lower.
