FORM Rallies 14% in a Flash: Are Buyers Gaining the Upper Hand?
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- FORM is currently trading around the $0.37 mark.
- Its daily trading volume has exploded by over 268%.
With the bearish pressure in the crypto market, all major assets reflect mixed signals. As the fear is sustained, the largest assets like Bitcoin (BTC) and Ethereum (ETH) are attempting to escape the bearish trap. Meanwhile, Four (FORM), one of the trending coins, has registered a solid surge of over 14.47%.
As the potential bullish shift occurs in the asset’s market, the price has climbed toward a high of $0.449 from a low range of $0.3328. Upon breaking a series of resistances between $0.34 and $0.43, the mighty uptrend has been confirmed.
As per CoinMarketCap data, the recent gain has made FORM trade within the $0.3703 level, with its market cap reaching $140.87 million. Besides, the daily trading volume of the asset has skyrocketed by over 268.34% to the $146.3 million mark. The market has witnessed $1.03 million worth of liquidations.
FORM on the Rise: How Much Higher Can It Go?
The technical analysis of FORM shows that the Moving Average Convergence Divergence (MACD) line has moved above the signal line. It indicates the building of bullish momentum. The recent price gains accelerate faster than the longer-term trend. In addition, the Chaikin Money Flow (CMF) indicator at 0.04 suggests mild buying pressure in the market. Notably, the capital is flowing slightly into the asset, but not strongly, likely pointing to early accumulation.
The FORM/USDT trading pair’s 4-hour price chart reveals the formation of green candlesticks, with the price moving up to test the resistance range at around $0.3841. An extended upside correction might trigger the price to rise above the $0.3965 mark.
Assuming the asset’s momentum prints a red graph, the price might fall and find its nearby support at the $0.3611 level. If the downside correction continues, the potential bears could drive the asset’s price to its subsequent support below the $0.3529 zone.
Moreover, the asset’s daily Relative Strength Index (RSI) is positioned at 70.18, signalling that it is approaching overbought territory. Also, the buying pressure may be strong, and a price pullback or consolidation could occur. FORM’s Bull Bear Power (BBP) reading settled at 0.0921, which implies slight bullish dominance. Notably, as the value is relatively small, the bullish momentum is mild, giving a cautious optimism rather than a strong uptrend.
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Coins
$ 87.74K
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$ 0.99975
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$ 0.386
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Share:
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Coins
$ 87.74K
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-0.01%$ 0.386
-4.13%Share:
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FORM Rallies 14% in a Flash: Are Buyers Gaining the Upper Hand?
Share:
- FORM is currently trading around the $0.37 mark.
- Its daily trading volume has exploded by over 268%.
With the bearish pressure in the crypto market, all major assets reflect mixed signals. As the fear is sustained, the largest assets like Bitcoin (BTC) and Ethereum (ETH) are attempting to escape the bearish trap. Meanwhile, Four (FORM), one of the trending coins, has registered a solid surge of over 14.47%.
As the potential bullish shift occurs in the asset’s market, the price has climbed toward a high of $0.449 from a low range of $0.3328. Upon breaking a series of resistances between $0.34 and $0.43, the mighty uptrend has been confirmed.
As per CoinMarketCap data, the recent gain has made FORM trade within the $0.3703 level, with its market cap reaching $140.87 million. Besides, the daily trading volume of the asset has skyrocketed by over 268.34% to the $146.3 million mark. The market has witnessed $1.03 million worth of liquidations.
FORM on the Rise: How Much Higher Can It Go?
The technical analysis of FORM shows that the Moving Average Convergence Divergence (MACD) line has moved above the signal line. It indicates the building of bullish momentum. The recent price gains accelerate faster than the longer-term trend. In addition, the Chaikin Money Flow (CMF) indicator at 0.04 suggests mild buying pressure in the market. Notably, the capital is flowing slightly into the asset, but not strongly, likely pointing to early accumulation.
The FORM/USDT trading pair’s 4-hour price chart reveals the formation of green candlesticks, with the price moving up to test the resistance range at around $0.3841. An extended upside correction might trigger the price to rise above the $0.3965 mark.
Assuming the asset’s momentum prints a red graph, the price might fall and find its nearby support at the $0.3611 level. If the downside correction continues, the potential bears could drive the asset’s price to its subsequent support below the $0.3529 zone.
Moreover, the asset’s daily Relative Strength Index (RSI) is positioned at 70.18, signalling that it is approaching overbought territory. Also, the buying pressure may be strong, and a price pullback or consolidation could occur. FORM’s Bull Bear Power (BBP) reading settled at 0.0921, which implies slight bullish dominance. Notably, as the value is relatively small, the bullish momentum is mild, giving a cautious optimism rather than a strong uptrend.
Top Updated Crypto News
Bitcoin (BTC) Slips Toward Old Ground: Can Bulls Defend Crucial Support Zones?
In This News
Coins
$ 87.74K
+0.97%$ 2.94K
+0.48%$ 0.99975
-0.01%$ 0.386
-4.13%Share:
In This News
Coins
$ 87.74K
+0.97%$ 2.94K
+0.48%$ 0.99975
-0.01%$ 0.386
-4.13%Share:
Read More
Altseason Canceled? ‘No Liquidity’ Means Pain for Bag Holders Until 2026