$FORM /USDT Showing Upward Momentum After Recent Low
Hey everyone,
Let's take a look at the $FORM chart. The current price of Formation Fi is at $2.1745, showing a positive increase of +2.33% today.
Looking at the last 24 hours, FORM ranged from a Low of $2.1117 to a High of $2.2445. The 24h Volume stands at 1.30M FORM, which is equivalent to 2.83M in USDT.
The chart indicates a bounce back from the recent low. We can see a series of green candles forming, suggesting buying pressure and upward momentum. The Parabolic SAR indicator (the yellow dots) has flipped below the price candles, which can often be interpreted as a signal of potential continued upward movement. The price is currently trading below the 24-hour high but has broken above some recent resistance levels.
Traders will be watching to see if the Parabolic SAR signal holds and if FORM can break above the $2.24 resistance. A sustained move above this level could indicate further bullish momentum. On the downside, the $2.11 level remains a key support to monitor.
Key points to observe:
Resistance: The 24-hour high of $2.2445 is the immediate resistance to watch.
Support: The 24-hour low of $2.1117 is the key support level.
Indicator: The Parabolic SAR currently suggests potential upward pressure.
What are your thoughts on Formation Fi's current movement? Do you anticipate it will break the recent high, or will we see some resistance and potential pullback? Share your analysis!
