In this Ampleforth Governance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FORTH-USDT. Ampleforth Governance (FORTH) is a decentralized governance protocol that enables community-driven decision-making for blockchain projects. FORTH empowers holders of its native token, FORTH, to participate in the governance process through voting and proposals, ensuring that the direction of the project aligns with the needs of its community. By leveraging this decentralized governance model, FORTH aims to create a more transparent, secure, and sustainable blockchain ecosystem.
Ampleforth Governance Price Overview:
As of June 29, 2024, Ampleforth Governance is trading at approximately 2.972 USDT. Let’s dive into the detailed price action for FORTH-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.937 |
| High (H) | 3.164 |
| Low (L) | 2.934 |
| Close (C) | 2.972 |
| Volume (C) | 477,963.33 |
- Open (O): The opening price for today’s trading session was approximately 2.937 USDT.
- High (H): Ampleforth Governance reached a daily high of around 3.164 USDT.
- Low (L): The daily low for FORTH-USDT was approximately 2.934 USDT.
- Close (C): At the time of analysis, Ampleforth Governance is trading near its daily close of 2.972 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.19% |
| 3D Change (%) | 1.54% |
| 7D Change (%) | -5.20% |
| 30D Change (%) | -29.59% |
| 90D Change (%) | -52.73% |
| YTD Change (%) | -16.82% |
Over the past three days, FORTHUSDT has risen by approximately 1.54%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FORTHUSDT maintaining a downward trend of approximately -29.59%, despite intermittent fluctuations. Examining the last 90 days, FORTHUSDT has witnessed substantial decrease of approximately -52.73%, reflecting strong long-term confidence. Year-to-date, FORTHUSDT has steadily declined by around -16.82%, 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-USDT 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 0.45418.
- Momentum score is -0.24798.
FORTH USDT Technical Analysis
Ampleforth Governance Trading Volume:
The trading volume for Ampleforth Governance (FORTH) over the past 24 hours has been insignificant, with approximately 477,963.33 USDT 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-USDT is currently in the low zone, around 37.3923. This suggests that Ampleforth Governance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Ampleforth Governance (FORTH-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Understand Ampleforth Governance’s (FORTHUSDT) challenges at 2.97 USDT with detailed bearish technical analysis, highlighting 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.