$FORM faces another rejection near the key $3.00 resistance zone, peaking at $2.9284 before plunging to a low of $2.5678. It’s now hovering around $2.5894, forming a clear double-top pattern and confirming intense sell pressure around $2.90–$3.00

Technically, the drop followed a failed breakout attempt, with lower highs and rising sell volume on the 2-hour chart. The $2.7080 support level gave way quickly, triggering stop-losses and accelerating the decline.

This sharp move likely stems from profit-taking after a rapid run-up, weak buyer presence above $2.90, and a broader correction across altcoins. If $FORM can’t hold the $2.55–$2.57 range, a deeper pullback could be on the cards.

Bears are in control for now — bulls will need to reclaim $2.70+ to turn things around.

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