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Four (FORM) Shows Strength; Next Stop Could Be $4.19 High

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2 hour ago

Four (FORM) Shows Strength; Next Stop Could Be $4.19 High

Four (FORM) has emerged as today’s top gainer, climbing 6% in the past 24 hours to trade at $3.33. The price uptick comes as technical indicators point to gradually rising buying pressure. This sets the stage for a potential retest of the token’s previous peak. FORM Shows Accumulation Signs; Bears Losing Ground Readings from the FORM/USD one-day chart show that the altcoin’s Chaikin Money Flow (CMF) indicator has turned positive, reflecting stronger capital inflows into FORM. As of this writing, this momentum indicator is at 0.01 and is trending upward. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. FORM CMF. Source: TradingView An asset’s CMF indicator measures the volume-weighted flow of capital into and out of it. When the CMF trends above zero, it suggests that buying pressure outweighs selling pressure, while a decline below zero reflects growing sell-side dominance. With FORM’s CMF currently at 0.01 and climbing, the indicator points to a shift toward steady accumulation, supporting the bullish case for a potential move back to its all-time high. In addition, recent sessions have shown a steady reduction in the size of the red bars on FORM’s Moving Average Convergence Divergence (MACD) indicator, a sign that bearish momentum is gradually weakening. FORM MACD. Source: TradingView The MACD indicator tracks the relationship between two moving averages of an asset’s price to gauge trend direction and strength. When it returns red bars whose sizes start to reduce as each trading session passes, selling pressure is fading, and a potential bullish crossover may be forming. For FORM, this means bears are losing control, leaving room for buyers to push the token higher. Will FORM Break $3.57 or Slide to $3.07? As FORM continues to show strength, a breach of the price wall at $3.57 is likely. If the altcoin successfully flips this level into a support floor, it could open the door for a rally toward its all-time high of $4.19. FORM Price Analysis. Source: TradingView However, if profit-taking resumes, FORM could shed its recent gains and plunge to $3.07. The post Four (FORM) Shows Strength; Next Stop Could Be $4.19 High appeared first on BeInCrypto.

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