📈 Technical Analysis – FORM/USDT (1h)
Current Price: $0.3503
24h Variation: +9.54%
24h High/Low: $0.3729 / $0.2956
📊 Movement Context:
The pair FORM/USDT showed a strong upward impulse, leaving the consolidation zone near $0.30 and quickly reaching the range of $0.37, with a peak volatility reaching $0.4199. The current appreciation is being consolidated with a slight correction.
⸻
📉 Moving Averages:
• MA7: $0.3392
• MA25: $0.3157
• MA99: $0.3016
The MA7 crossed above the other averages, signaling a strongly bullish short-term outlook. The price above the three averages reinforces this trend.
⸻
📌 RSI (Relative Strength Index):
• RSI(6): 67.37
• RSI(12): 66.23
• RSI(24): 61.69
The RSIs indicate a moment of intense buying strength, but still without extreme overbought conditions.
⸻
🔍 Volume:
Increasing volume in the last hours supports the rise, confirming the presence of active buyers in the market.
⸻
📌 Conclusion:
The short-term trend for FORM/USDT is bullish, with significant support at $0.33. If the volume is maintained, the asset may retest the resistance at $0.37. A breakout may lead to a new attempt in the region of $0.40+. However, losing $0.33 may open space for a correction down to $0.31.
