In this Ampleforth Governance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FORTH-BTC. Ampleforth Governance (FORTH) is a decentralized governance protocol that enables community-driven decision-making for blockchain networks. FORTH’s novel voting mechanism ensures that all participants have an equal say in the decision-making process, regardless of their stake size or network weight. By empowering communities to self-govern and make decisions through a decentralized, transparent, and secure platform, FORTH is revolutionizing the way blockchain networks are managed and governed.
Ampleforth Governance Price Overview:
As of June 30, 2024, Ampleforth Governance is trading at approximately 5e-05 BTC. Let’s dive into the detailed price action for FORTH-BTC:
| Metric | Value |
|---|---|
| Open (O) | 5e-05 |
| High (H) | 5e-05 |
| Low (L) | 5e-05 |
| Close (C) | 5e-05 |
| Volume (C) | 3,928.06 |
- Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
- High (H): Ampleforth Governance reached a daily high of around 5e-05 BTC.
- Low (L): The daily low for FORTH-BTC was approximately 5e-05 BTC.
- Close (C): At the time of analysis, Ampleforth Governance is trading near its daily close of 5e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.21% |
| 3D Change (%) | -1.46% |
| 7D Change (%) | 2.97% |
| 30D Change (%) | -26.63% |
| 90D Change (%) | -45.82% |
| YTD Change (%) | -43.37% |
Over the past three days, FORTHBTC has fallen by approximately -1.46%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FORTHBTC maintaining a downward trend of approximately -26.63%, despite intermittent fluctuations. Examining the last 90 days, FORTHBTC has witnessed substantial drop of approximately -45.82%, reflecting strong long-term confidence. Year-to-date, FORTHBTC has steadily depreciated by around -43.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Ampleforth Governance Live Chart:
You can access a live price chart for FORTH-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.40688.
- Momentum score is -0.15772.
FORTH BTC Technical Analysis
Ampleforth Governance Trading Volume:
The trading volume for Ampleforth Governance (FORTH) over the past 24 hours has been insignificant, with approximately 3,928.06 BTC traded against FORTH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FORTH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Ampleforth Governance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FORTH-BTC is currently in the low zone, around 37.82344. This suggests that Ampleforth Governance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Ampleforth Governance (FORTH-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Delve into potential challenges for Ampleforth Governance (FORTHBTC) at 4.79e-05 BTC, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.