$FORM AT CROSSROADS: Range Battle or Breakout Brewing?
FORM is consolidating tightly around $3.48 after multiple rejections below $3.52. Sellers are pressing from the top, but buyers continue defending the lower band, setting up for a breakout or deeper pullback.
Current Price: $3.4816
24h High: $3.5313
24h Volume: 435K FORM
Key Levels to Watch
Resistance Zone: $3.50 – $3.53
• A clear breakout could set the stage for a run toward $3.60 and $3.72
Support Zone: $3.47 – $3.45
• Failure to hold could drag price toward $3.39 and $3.32
Trade Scenarios
Bullish Setup
• Break and close above $3.52
Targets:
• $3.60
• $3.72
Bearish Setup
• Break below $3.45 support
Targets:
• $3.39
• $3.32
Verdict: FORM is coiling within a narrow range. A breakout will likely come with volume confirmation. Until then, range traders may dominate, but breakout players should stay alert.
