$FORM — price analysis 🔽📉
Can’t say much about FORM just yet, mainly because it’s a recently rebranded token from #Bnx to #FORM just a few days ago.
Based on the current structure, the upper resistance lies at 2.315, which is acting as a strong barrier (because recently, we've seen a solid reversal on the 4H timeframe). If this level is broken, we could see a move toward 2.385.
However, FORM has started to trend upward without testing its nearest support, which is a bit concerning. I believe it’s only a matter of time before it tests the 2.1305 support. If that level holds, it's a good sign. If not, the next support to watch is 1.970, and if that fails as well, 1.807 could be the next downside target.