$FORM — Solid bounce, but bulls need to reclaim control
Price: 0.4101 USDT
Move: +10.09%
Intraday High/Low: 0.4731 / 0.3725
Volume’s decent — 47M $FORM traded — and price recovered nicely off 0.4048.
But it’s now hovering just under the 25 and 99 EMAs, showing hesitation.
Bulls had momentum, but it’s fading unless they push through resistance.
Support: 0.4040 / 0.3725
Resistance: 0.4175 / 0.4470
Trend: Neutral, with bullish potential if EMAs flip
Trade Idea:
If FORM breaks above 0.4175 with volume, expect a move toward 0.4470–0.4730
If it loses 0.4040, downside opens toward 0.3850
Main takeaway:
Recovery’s real, but $FORM needs to flip EMAs or this bounce stalls.
Bulls are close — now it’s about conviction.
