📈 Analysis and forecast for $FORM : is it time to exit? 🚀
As of May 23, 2025, 10:26 EEST, the price of $FORM on Binance is $2.9929, with a 13.5% increase over the last 24 hours. Trading volume in the last 4 hours has risen by 810% (to $3M), and open positions by 14.92%, according to data from X. Market capitalization is around $300M (with a circulating supply of 100M FORM). Sentiment on X is bullish: users note a surge in institutional interest.
Technically, FORM is in an uptrend. On the 4-hour chart, the price is above the 50-day moving average ($2.80), and the RSI (14) at 68 indicates bullish momentum, but proximity to overbought conditions. Key levels: support — $2.90, resistance — $3.05. A breakout above $3.05 could push the price to $3.20, but a drop below $2.90 will increase pressure towards $2.75.
Forecast: in the short term (by the end of May), FORM may reach $3.20 if volume is maintained. By July 2025, a correction to $2.75 is possible due to overbought conditions. Long-term target for 2026 is $5.00, assuming interest in the FORM ecosystem grows.
Is it time to exit? After a 13.5% rise and a current price of $2.9929, taking profits is justified, especially before resistance at $3.05. Set a stop-loss at $2.90 for protection. For long-term investors, holding with a target of $3.20 is possible, but watch the RSI and volumes. $FORM is promising, but the market is volatile — be cautious! #FORM #Binance #CryptoAnalysis
