$FORM is experiencing a V-shaped rebound in progress ✅
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Entry zone: $2.58 - $2.63
🎯 Targets:
Profit Price 1: $2.82
Profit Price 2: $3.05
Profit Price 3: $3.28
🛡️ Stop loss: Below $2.48
📊 Forecast: The price of FORM is rising sharply from its lowest point at $2.27, with strong trading volume and a clear breakout structure. As long as the bulls maintain the level of $2.63, this reversal may extend into a medium-term bullish trend. The momentum remains.
Price data shows that the currency $FORM
Is experiencing a clear upward trend over the past 24 hours, with the price rising from $2.35 to levels exceeding $2.60, recording an increase of nearly 10%. This surge was particularly notable during the trading period at 6 AM, where the market experienced exceptional trading volume exceeding 20,000 units.
Main support levels
- Support Level 1: $2.59 (Current level)
- Support Level 2: $2.55 (Tested during previous trading hours)
- Support Level 3: $2.50 (Important psychological level)
- Support Level 4: $2.40 (Strong support area that has been bounced from)
Major resistance levels
- Resistance Level 1: $2.62 (Tested in the latest trading sessions)
- Resistance Level 2: $2.65
- Resistance Level 3: $2.70 (Important psychological level)
Factors affecting the price
1. Security warning: According to recent news, there is a warning for users about phishing attacks targeting Tr,ezor wallet users, which may affect investor behavior towards cryptocurrencies in general.
2. Strategic market shift: The transformation of Ju,mp Cry,pto from a quantitative trading giant to building infrastructure for cryptocurrencies indicates changes in market dynamics that may affect currencies like #FORM .
Technical outlook
The data shows an increase in trading volume during upward periods, supporting the strength of the bullish trend. The currency has also successfully surpassed several resistance levels during the day, enhancing the chances of the bullish trend continuing in the short term.
The overall trend for currency $FORM is positive with a noticeable increase in price and trading volume. Investors should monitor the resistance level at $2.62, as breaking it could open the way towards higher levels, while failure to do so may lead to a correction towards the mentioned support levels.
The information mentioned above has been researched and summarized with personal effort, and does not constitute investment advice. You are in control of your decisions; do your own research.