$FORM is trading around 0.415 after a strong +37% impulse, and the structure behind this move is clean and controlled. Price expanded aggressively from the 0.36 demand zone, broke through prior consolidation, and then paused just below 0.435, which is the first clear liquidity pocket. This tells me the move was driven by real spot demand, not just leverage chasing.
Volume surged on the breakout candle and then cooled during consolidation, a healthy sign. That usually means early buyers are holding while late leverage is being absorbed. There is no panic selling behavior here. Liquidation data suggests shorts were squeezed during the push above 0.40, and funding has normalized instead of overheating, which keeps continuation on the table.
Whale behavior looks rotational rather than distributive. Large prints appeared near 0.43, but price did not collapse, meaning supply is being absorbed. Structurally, FORM is holding above short and mid term moving averages, confirming trend control by buyers.
As long as price holds above 0.395 to 0.400, this remains a bullish continuation setup rather than a blow off top.
Market outlook
Bullish with controlled consolidation. Momentum is cooling but structure remains intact, suggesting continuation if support holds.
Key levels
Support: 0.400, then 0.375
Resistance: 0.434, then 0.460
Trade levels
TP 1: 0.434
TP 2: 0.460
SL: 0.388
Market cap
Based on current circulating supply, FORM market cap is approximately $180–200 million, placing it firmly in the mid cap DeFi segment where momentum trends can extend once structure confirms.
My take
This is not a random pump. It is a structured breakout followed by healthy consolidation. I would rather trade continuation above support than chase strength. Patience matters here. Do your own research.
