#FORM爆涨 46%$FORM The real-time market data and key metrics for the FORM/USDT perpetual contract, combined with market dynamics, can be analyzed from three dimensions: market interpretation, upward drivers, and trading risks:
1. Core data interpretation
- Price: Latest price is $0.4310, 24-hour increase is 42.24%, with a fluctuation range of $0.3015-$0.4550, and the daily trading volume reached 561 million FORM, with a transaction value of 226 million USDT, reflecting extremely high trading activity.
- Technical analysis: The 15-minute candlestick chart shows that MA(7) and MA(25) are converging around $0.43, forming short-term support; the MACD indicator shows that DIF is slightly below DEA, and the MACD histogram is negative, indicating potential short-term pullback pressure; the 99-day moving average ($0.3818) constitutes medium to long-term support.
- On-chain dynamics: Whales have withdrawn FORM from centralized exchanges for four consecutive days, with a total value of $77.4 million. Such withdrawal behavior usually indicates a transfer of chips from the circulating market to cold wallets, reducing selling pressure while also reflecting institutions' optimism about its long-term value.
2. Core drivers of the surge
- RWA sector boom: The Four platform, to which FORM belongs, focuses on the tokenization of physical assets like minerals and energy, coinciding with increased attention on the RWA ecosystem, and the establishment of a regulatory cooperation mechanism between the US, UK, and Canada provides policy support for compliant Web3 projects.
- Short squeeze market: FORM has weak liquidity and was previously heavily shorted, with rising prices forcing shorts to cover, further pushing up the coin price, creating a typical short squeeze trend.
- Whale activity drives the market: Large withdrawals trigger market expectations of chip scarcity, leading retail investors to buy in, amplifying the price increase and creating a capital-driven upward cycle.
3. Trading risk warnings
- The short-term increase is excessive, with $0.4550 as a resistance level for the 24-hour high; if it cannot break through, it may trigger profit-taking sell-offs, and caution is needed for pullback risks.
- FORM itself has insufficient liquidity, and its price is easily influenced by whale operations, with extremely large fluctuations; leverage trading must strictly control positions.
- Currently, there are no direct favorable factors at the project level; the upward trend is more driven by market sentiment and capital; if sentiment wanes, prices may quickly fall back.
