$FORM /USDT TRADING NEAR RESISTANCE – WATCH FOR A BREAKOUT OR FAKEOUT
$FORM /USDT is currently at $2.58, showing a modest gain of +2.16% on the day. After bouncing from the daily low of $2.5042, the price is approaching a key resistance level near $2.6720.
📊 Technical Analysis (4H Chart):
Price is gradually climbing but struggling to break the $2.66–$2.67 resistance band
Rising volume supports bullish continuation, but RSI is approaching overbought territory
If it breaks above $2.67, next bullish target sits at $2.82
Failure to break could result in a pullback to the $2.50–$2.52 support zone
🔮 Market Expectation:
Momentum favors bulls as long as price holds above $2.55, but breakout confirmation above $2.67 is crucial. Otherwise, expect short-term profit-taking and consolidation.
💡 Key Zone to Watch: $2.66 – Break = rally continuation | Reject = pullback setup.
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