Here’s a quick analysis of $FORM /USDT based on the most recent data you’ve provided:
---
Current Price:
$2.9202 (+11.31% gain)
---
Trading Summary:
24h High: $3.0501
24h Low: $2.6134
24h Volume (FORM): 6.72M
24h Volume (USDT): 19.13M
---
Technical Indicators:
MA60: $2.9196 (price currently right at the 60-period average — potentially key resistance/support)
Recent Volumes:
MA(5): 364.7
MA(10): 434.5
Current Vol: 13.3 (likely in thousands or a short-term candle volume)
---
Observations:
Strong intraday gain suggests renewed interest or possibly news/events related to FORM.
Price is testing $3.05, which could be a short-term resistance.
The moving averages (MA5/10) show relatively steady volume activity — no signs of a blow-off top yet.
With growing momentum and MACD/VOL being active, this may be a breakout phase.
---
Potential Strategy Ideas:
Breakout Buy: Above $3.05 with volume confirmation
Pullback Entry: Near $2.80-$2.85 if momentum cools short-term
Stop-loss Consideration: Below $2.60 (recent low)
Would you like a chart-based technical analysis or alerts set for specific levels?
#forMantra #FormationFi #ETHMarketWatch #Write2Earn #BinanceHODLerHAEDAL