$FORM /USDT – Bullish Comeback in Progress

Price Pops After Sharp Drop — Is This the Start of a Recovery?

📊 Current Price: $2.4975 (+3.89%)

FORM is staging a bounce off local lows after a steep correction — now eyeing a retest of short-term MAs for confirmation.

🔍 Technical Overview:

Price has reclaimed the 7-day MA ($2.4527) with strength. That’s the first green flag for bulls.

The 25-day MA ($2.6691) remains overhead — acting as a near-term resistance.

Today’s large green candle shows bullish pressure returning, but volume confirmation will be key in the coming sessions.

📈 Resistance to Watch:

$2.65–2.70: Zone of confluence with 25MA and previous support-turned-resistance

$2.95: Mid-June breakdown area

$3.20: Psychological + historical top range

🔻 Support Levels:

$2.30: Previous bounce level

$2.00: Critical psychological support

🔮 Momentum Outlook:

A decisive close above $2.70 would flip sentiment convincingly bullish again. Failing to clear that zone could signal a dead cat bounce — keep stops tight.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!