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FOUR Token Price Bounced Back as Traders Bet on $3 Price Level
By: bitcoin ethereum news|2025/05/06 21:30:01
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FORM breaks above $2.24 resistance with strong momentum, reaching multi-week highs near $2.60. MACD shows bullish crossover while RSI at 75.29 indicates strong buying pressure. The FORM cryptocurrency has achieved a major bullish breakout on the 4-hour chart, which caused prices to reach their highest levels in weeks. Form has experienced a strong upward movement in early May after spending most of April between $2.00 and $2.30 before reaching its current price of $2.37. The price has broken through the $2.24 resistance point, which had previously restricted price advances since mid-April. This breakout occurred alongside rising trading volume, which indicated robust market demand. FORM price reached $2.60 briefly, but traders initiated profit-taking moves, which caused a brief market correction. According to CoinMarketCap data, at the time of writing, Four price is trading at $2.47 with an intraday surge of 6%, indicating bullishness. The daily trading volume has surged by 319%, suggesting buyers presence. What’s Next In Four (FORM) Price? The MACD shows a bullish crossover when the MACD line crosses above the signal line. MACD histogram bars expand while turning green. FORM bullish momentum continues to intensify according to this technical indicator. The current MACD index value of 0.1034 shows a strong upward trend since it traded in the bullish zone. RSI stands at 75.29, which indicates an approaching area of overbought. The bullish momentum shows no signs of weakening based on the RSI line’s upward trajectory, even though an upcoming correction cannot be ruled out. 14 SMA line maintains an upward direction at 68.11, which demonstrates robust bullish market sentiment. Investors should monitor three support areas, starting with the newly formed support zone at $2.24, followed by $2.09 and $1.92. Recently FORM price peaked at $2.60 functions as an immediate barrier, while psychological levels at $2.50 and $2.75 will be critical if the upward trend continues. Highlighted Crypto News Today: Can Ethereum (ETH) Bulls Break the $2K Barrier or Are They Stuck in a Bearish Loop? Source: https://thenewscrypto.com/four-token-price-bounced-back-as-traders-bet-on-3-price-level/
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