🚀 FORM/USDT – Bullish Comeback in Progress: Is $2.70 the Key to Sustaining Momentum?

📊 Current Price: $2.4975 (+3.89%)

FORM/USDT has made a strong comeback after a sharp drop, with price bouncing off local lows and now eyeing a retest of key short-term moving averages for further confirmation of recovery.

---

🔍 Technical Overview:

7-Day MA ($2.4527): The price has reclaimed this level with solid strength, marking the first bullish signal.

25-Day MA ($2.6691): This remains overhead, acting as a near-term resistance point.

The large green candle seen today shows bullish pressure returning, but volume confirmation will be crucial in the next few sessions.

---

📈 Resistance Levels to Watch:

$2.65–2.70: This is a confluence zone with the 25-day MA and previous support-turned-resistance.

$2.95: Mid-June breakdown area, a key level to monitor.

$3.20: Psychological level + historical top range.

---

🔻 Support Levels:

$2.30: Previous bounce level, providing initial support.

$2.00: Critical psychological support level for potential downside protection.

---

🔮 Momentum Outlook:

A decisive close above $2.70 would signal a strong continuation of bullish sentiment. Failing to clear that resistance could suggest a “dead cat bounce,” so be cautious and keep stops tight.

#CryptoRecoveryGuide #formusdt #TechnicalAnalysis #BullishComeback #noobtoprotrader $FORM