After the strong pump up to 1.44, $FORM has undergone a significant correction, dropping to 1.07 (approximately -18%).

Currently, the price is at a key level: support zone 1.07–1.08, which coincides with the previous low.

The moving averages (MA25 and MA99) remain above the price, still indicating a bearish phase in the short term.

For now, the trend remains weak: if the price cannot hold above 1.07, the risk is a new test towards 1.00–0.98.

On the contrary, a solid close above 1.10–1.12 with increasing volumes could confirm a possible bounce.

📊 In summary:

Current support: 1.07–1.00

Immediate resistance: 1.12–1.15

Wait for confirmation of reversal before re-entering, to avoid getting caught in the whale dump.