Based on the screenshot for FORM/USDT, here is the analysis of the current market data:
Market Overview
· Pair: FORM/USDT
· Current Price: $0.2166
· 24h Change: -5.46% (Red indication)
· 24h High: $0.2323
· 24h Low: $0.2138
· 24h Volume (FORM): 4.89 Million
· 24h Volume (USDT): $1.08 Million
· Category: DeFi
Analysis & Key Takeaways
1. Strong Bearish Momentum
FORM is experiencing a significant sell-off, currently trading at $0.2166**, down **-5.46%** over the last 24 hours. The price is sitting just above the daily low of **$0.2138, indicating that sellers have been in firm control throughout the session with no meaningful recovery.
2. Market Sentiment (Slight Seller Advantage)
The Order Book at the bottom right shows a marginal imbalance:
· Bid (Buyers): 48.14%
· Ask (Sellers): 51.86%
Sellers hold a slight advantage in the order book. Unlike other coins that show strong dip-buying despite red candles (e.g., CRV, RAD, WIF), FORM's order book aligns with its price action: slightly more sellers than buyers, confirming the bearish sentiment.
3. Technical Indicators (The Chart)
· Moving Averages: The price ($0.2166) is trading below all three displayed moving averages (MA7: 0.2173, MA25: 0.2174, MA99: 0.2200). This is a bearish configuration, confirming that the short, medium, and long-term trends are all pointing downward.
· Price Action: The chart shows a sharp drop followed by a slight consolidation near the lows. The price is making lower lows and lower highs.
· Resistance: The 7-period MA at $0.2173** and the 25-period MA at **$0.2174 represent the immediate resistance zone. The price would need to reclaim these levels to suggest any short-term stabilization.
· Support: The daily low of $0.2138** and the chart low of **$0.2135 represent the critical support zone.
Summary:
FORM is in a clear downtrend, down -5.46% and trading near its daily low. Unlike many other coins in this snapshot session, FORM does not show significant dip-buying interest in the order book; sellers maintain a slight edge at 51.86%$FORM
