The Forta token saw a sharp price increase following the introduction of the Forta Firewall technology. However, the optimism was short-lived as the price began to decline within 24 hours.
Forta Price Increase
The price of Forta increased by 36% over the last 24 hours, reaching $0.1172. Trading volume surged by over 2000%. The growth was triggered by the announcement of the Forta Firewall, intended to protect protocols from hacking attacks.
Analysis of Current Indicators
After a significant surge, the Forta token's price began to decline sharply, approaching $0.11. The RSI indicator dropped to 36.53 after peaking at 66.42 in the overbought zone yesterday, indicating traders have been actively taking profits.
Forta Prospects and Alternatives
Despite Forta's current challenges, MIND Of Pepe is thriving. Combining meme coins with AI, the project has raised $6.8 million. MIND can analyze crypto communities in real-time, helping traders keep up with trends.
While Forta faces difficulties at the moment, its success following the technology announcement garnered attention. MIND Of Pepe presents an attractive alternative with its unique market analysis capabilities.
