$FOREST is showing a powerful breakout on the 1H chart, surging over 50% to around $0.0544 with a massive spike in volume. 🚀🌲
The move comes after a long downtrend and strong accumulation near the $0.0316 bottom. Buyers have stepped in aggressively, pushing price through multiple resistance levels in a short time.
📊 Key levels:
🔹 Support: $0.0500–$0.0520
🔹 Strong support: $0.0390–$0.0400
🔹 Resistance: $0.0600–$0.0610
🔹 Major resistance: $0.0700+
⚠️ RSI is above 87, indicating an extremely overbought condition. While momentum remains bullish, traders should be prepared for profit-taking or a short-term pullback before any further upside.
A successful hold above $0.05 would keep the bullish structure intact and could open the door to another leg higher.
#FOREST #Crypto #Altcoins #BinanceSquare #BullishMomentum 🚀🌲