#大户持仓变化 $FORM performance over the past 24 hours has been truly eye-catching — the price jumped from $0.3127 to $0.3806, a 22% increase. There are many supports behind this rally, but there are also some signals to watch out for.
From a technical perspective, the trend of FORM is very strong. The EMA moving averages have shown a bullish crossover, and the MACD histogram indicates strong positive momentum — all classic bullish signals. However, this rapid increase has also pushed the Relative Strength Index (RSI) into overbought territory — RSI6 reached 80.56, and RSI12 is at 75.54. In simple terms, this means the price has risen a bit too quickly, and a short-term pause may be on the horizon. More intuitively, $FORM is currently trading above the upper Bollinger Band, which often signals an overextension and the potential for a mean reversion.
Regarding market sentiment, the community is notably optimistic. Many traders are discussing the possibility of further gains, with some even targeting $0.40 or higher. Trading volume is also increasing, with funds actively flowing in. Especially on BNB Chain and major CEX platforms, FORM has been listed as one of the main profit-taking tokens recently, indicating that the market is paying significant attention to it.
However, the flip side of this enthusiasm is risk. Some community members have already issued risk warnings, pointing out bearish divergence signals in RSI and noticeable market weakness when approaching supply zones. These signals remind us that although the current rally looks impressive, it may not be the best time to chase higher. A 20-30% correction in the short term is entirely possible, so position management and risk awareness are crucial.
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TradFiRefugee
· 12-16 14:25
RSI is already in overbought territory and still shouting 0.4, these people are really... lucky I reduced my position early
A 20-30% drop is normal, I've seen this Bollinger Band upper band breakout pattern too many times
This wave of FORM was indeed rapid, feels like an adjustment is coming
Wait, could this be another round of quick accumulation followed by a dump? I need to check the on-chain data
Chasing highs is easy, but stop-loss is difficult, everyone
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BlockchainGriller
· 12-16 14:14
A 22% increase is indeed tempting, but with RSI already over 80, chasing the high? I think this is a classic case of false breakout; you need to be confident in your position.
#大户持仓变化 $FORM performance over the past 24 hours has been truly eye-catching — the price jumped from $0.3127 to $0.3806, a 22% increase. There are many supports behind this rally, but there are also some signals to watch out for.
From a technical perspective, the trend of FORM is very strong. The EMA moving averages have shown a bullish crossover, and the MACD histogram indicates strong positive momentum — all classic bullish signals. However, this rapid increase has also pushed the Relative Strength Index (RSI) into overbought territory — RSI6 reached 80.56, and RSI12 is at 75.54. In simple terms, this means the price has risen a bit too quickly, and a short-term pause may be on the horizon. More intuitively, $FORM is currently trading above the upper Bollinger Band, which often signals an overextension and the potential for a mean reversion.
Regarding market sentiment, the community is notably optimistic. Many traders are discussing the possibility of further gains, with some even targeting $0.40 or higher. Trading volume is also increasing, with funds actively flowing in. Especially on BNB Chain and major CEX platforms, FORM has been listed as one of the main profit-taking tokens recently, indicating that the market is paying significant attention to it.
However, the flip side of this enthusiasm is risk. Some community members have already issued risk warnings, pointing out bearish divergence signals in RSI and noticeable market weakness when approaching supply zones. These signals remind us that although the current rally looks impressive, it may not be the best time to chase higher. A 20-30% correction in the short term is entirely possible, so position management and risk awareness are crucial.