$FORM /USDT MARKET ANALYSIS – PRICE ACTION UPDATE
FORM/USDT is displaying strong volatility with significant upward and downward swings. The pair recently surged from the lower support zone, reaching a local high near 0.4199, indicating bullish momentum. Sellers have stepped in near resistance, causing a retracement toward 0.3081, showing that profit-taking is occurring. Short-term buyers remain active, supporting the price above key support levels around 0.2691. Market participants are reacting to volume spikes, which are driving both rapid gains and corrective pullbacks. The overall trend shows higher highs and higher lows in intraday charts, confirming potential continuation of bullish moves. However, temporary corrections are normal as traders secure gains. Attention to support and resistance levels is crucial for timing entries. Momentum oscillators suggest that the market may consolidate before the next significant move. Understanding these dynamics can help in identifying optimal trade setups while managing risk effectively.
Entry: 0.305 – 0.310
Target 1: 0.375
Target 2: 0.435
Target 3: 0.495
