Ampleforth Governance Token (FORTH) is the native ERC-20 governance token of Ampleforth (AMPL), which is an algorithmic stablecoin with a fluctuating supply. FORTH will be used to vote on upgrades and changes of protocol parameters.
FORTH is an inflationary token that can be directly utilized or delegated to propose and vote on changes to the Ampleforth protocol....
Will Ampleforth go to 100x? FORTH is very early and has a good entry point. Considering the bottom was $10, max supply 15M, it could go to 4 figures next year, replicating Solana's incredible run this year. Drawn this chart inspired by alts who have already done 100x.
This is not a financial advice. Thanks for watching
Looking at the daily chart
Forth price has created HL and volume spikes have become almost equal with regular daily trading volume.
This makes me think we are nearing a reversal in price. Bears showing signs of exhaustion. This could be short or long term buy opportunity considering Forth is a relatively small supply coin and price is low and may not drop this...
(refer also to charts for forthBTC pair)
looking at 4hr ForthUSD chart,
Forth shows signs of reversal. Higher low is created on both ForthUSD and ForthBtC charts.
ForthBTC chart also showing signs of reversal. Expecting a potential move from BTC -> FORTH which is consistent with the USD chart. both pairs FORTH(usd,btc) moving up will send FORTH to top of the...
Ampleforth governance token (FORTH) looks to be nearing the end of an Ascending Triangle formation, and entering the territory where the price of an asset/Crypto breaks out.
This is typically a bullish sign, coupled with the up-trend line moving in tandem with the 50 MA.
FORTH’s price has not fallen below the trend line or 50 MA since entering this formation....
Strong daily resistance since mid-May: $23
Strong daily support since mid-May: $14
All-time low so far: $9.60
If FORTH can break that $23 resistance level and hold above it, I'd expect to see some nice moves up. All of this will also depend on BTC's movement.
This is not financial advice. These are just my ideas and opinions.
Recently, we've had very positive movement on FORTH. Buying it at $10 would have been an absolute steal for this token. If the bull run resumes, those who hold FORTH will be handsomely rewarded.
It's possible we may see some consolidation between $16 - $18 for a little before the next run up. If BTC decides to dump again, then we're heading back down.
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, FORTH seems to in a downward trend on a narrowing channel.
Market in the last 24hrs
Massive profit booking quick pump was observed after a quick rally in the Ampleforth...
After over a month of downtrend to a low of about $9.60, FORTH pumped over 100% to $23+ in a day! This pump seems to have broken out of the descending wedge. Watch for a possible bounce off the top trend line.
This token is still very undervalued. I expect a bit of a cooldown before the next jump. I'm keeping my eye on this.
This is not financial advice. These...
Entry point for FORTH:
- Good consolidation
- Way oversold
- Very new governance mechanism and ATH was during initial first days pump
- Still small but consistently growing community and public awareness + great potential for FORTH with associated AMPL mainstream news and price moves
- Already listed on majors: Coinbase & Binance
- Supply: 8,489,072 /...
The Fear and Greed Index has hit its lowest rating this year for Bitcoin. We are now in Extreme Fear territory. As Warren Buffet says, "be greedy when others are fearful." When it comes to crypto, I do not panic sell, I buy the dips and hold. These major dumps are due to whales manipulating the market so they can buy in lower.
With that being said, due to...