$FORM /USDT trading pair on Binance. Here's a detailed analysis:

Key Metrics

Current Price: $2.5496 (+24.82%)

24h High: $2.6555

24h Low: $1.8852

24h Volume (FORM): 22.39M

24h Volume (USDT): 49.18M

Chart Analysis

The 15-minute chart shows a strong bullish breakout. The price spiked from a low of $1.9560 to a peak of $2.6555, indicating significant buying pressure.

Currently, the price is retracing slightly after hitting the recent high but appears to be stabilizing around $2.5496.

Sentiment

Order Book Data:

Buy Orders (Bid): 24.11%

Sell Orders (Ask): 75.89%

The heavy selling pressure suggests traders might be taking profits after the sharp rally.

Trend Insights

Short-Term Trend: Strong upward momentum with possible consolidation.

Resistance Level: The recent peak at $2.6555.

Support Level: Previous low near $1.9560.

Suggested Strategy

For Short-Term Traders: Consider monitoring for a breakout above $2.6555 or a retest of support near $2.30 for potential entries.

For Long-Term Investors: Exercise caution as the sharp rise may result in volatility or a pullback before finding stable support.

Would you like additional insights on technical indicators like RSI, MACD, or Bollinger Bands?