$FORM

Analysis:

Is it a true reflection or just market manipulation?

FORM has dropped to retest its critical support at $3.09 after a sharp decline from a high of $3.33. This area has previously acted as a demand base, and the price is now consolidating on it.

Whether it bounces or breaks will determine the next direction.

Key levels to watch

Resistance:

• $3.14 – First supply barrier

• $3.16 – Local peak before the drop

• $3.20 – Origin area of the collapse

Support:

• $3.09 – Immediate defense

• $3.08 – Final guard before panic selling

Potential moves

💠Bullish: A strong bounce above $3.09 could regain momentum, targeting:

Target 1: $3.14

Target 2: $3.16

Target 3: $3.20

💠Bearish: Losing $3.08 on volume could lead to a quick drop towards the $3.00 mark.

The current price action signal indicates uncertainty — volume confirmation is key before heading to either side.