🚀 FOUR ($FORM ) Token: On the Verge of a Breakout!
Over the past 24 hours, FORM has surged by 11–15%, with trading volume soaring to around $30 million. The price is currently hovering just below its all-time high (ATH) of $3.8369 — a key resistance level.
🔍 What Do the Technical Indicators Say?
✅ MACD: Bullish crossover confirmed.
📈 CMF: In the positive zone (0.08–0.29), indicating strong buying pressure.
⚠️ RSI: Currently at 68–70 — approaching overbought territory but still holding momentum.
📊 Chart Formation
FORM is moving within a rising wedge and ascending channel — a structure that often precedes major price action.
If a breakout occurs, the next target is $4.00 – $5.00.
If the resistance holds, we may see a pullback to $3.30 – $3.10, or even down to the $3.00 support zone.
🧠 Final Thoughts
With strong technical signals and high volume, FORM is at a crucial resistance level. A breakout could spark a sharp rally, but overbought indicators suggest traders should remain cautious.
Watch the $3.8369 level closely — it could be the launchpad or the ceiling.
