FORM/USDT M$BTC arket Update (Short & Thrilling)
FORM is trading at 0.3477 USDT, showing a 4.21% decline on the day. Price action remains volatile as sellers stay active near intraday resistance.
24H Range:
High: 0.3662
Low: 0.3415
On the 15-minute chart, price is moving below the SAR level (0.3506), signaling short-term bearish pressure. Recent candles show weak recovery attempts, suggesting consolidation after a pullback rather than a strong reversal.
Volume Analysis:
Trading volume remains moderate, with MA(5) and MA(10) closely aligned, indicating no strong momentum dominance yet.
Market Structure:
Immediate support lies near 0.3450 – 0.3420. A breakdown could open further downside. Resistance is stacked around 0.3500 – 0.3530, where sellers previously stepped in.
Outlook:
FORM is at a critical zone. A strong volume push above resistance could trigger a short-term bounce, while failure to hold support may lead to deeper correction. Traders should watch volume confirmation closely before entry.
