𝗙𝗢𝗥𝗠 𝗦𝗧𝗔𝗬𝗦 𝗦𝗧𝗥𝗢𝗡𝗚 — 𝗔𝗟𝗟 𝗘𝗬𝗘𝗦 𝗢𝗡 $𝟯.𝟬𝟬 𝗕𝗥𝗘𝗔𝗞
🔄 Momentum is Returning
FORM is building solid bullish structure — it’s now printing higher highs and higher lows, while reclaiming both 7-day and 25-day moving averages. The price is once again knocking at the $3.00 psychological level, a key resistance that could unlock a strong upward move.
📉 Support Levels:
$2.86 → 7-day MA support (short-term trend)
$2.69 → 25-day MA support (mid-term)
$2.47 → 99-day MA (major support that hasn’t broken since May)
📈 Resistance Levels:
$2.98–$3.00 → Local top and breakout zone
$3.20 → May high (last major rejection area)
$3.60+ → Open upside if breakout confirms
✅ What Traders Should Watch
🔹 A strong close above $3.00 could confirm breakout and start a leg up toward $3.20 or $3.60.
🔹 Holding above $2.86 is key for bulls to keep control. Any dip below could trigger a retest of lower levels.
🔹 Volume confirmation is essential — without it, price may fake out near resistance.
🧠 TL;DR:
FORM is looking strong but hasn’t broken out yet.
Above $3.00 = breakout territory
Above $2.86 = bullish trend still intact
Below $2.69 = short-term caution