thenewscrypto.com
- FORM (formerly BinaryX) reached an all-time high of $2.62, showing strong bullish momentum.
- BinaryX rebranded to Four, then changed its ticker to FORM, completing a 1:1 BNX to FORM swap on March 21.
The global crypto market is experiencing a mix of positive and negative sentiment, with major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP showing fluctuations. Amid this volatility, Four (FORM), formerly known as BinaryX (BNX), has surged to a new all-time high of $2.62.
At the time of writing, FORM is priced at $2.49, with a market cap of $953.26 million. Over the past week, it has recorded a remarkable 39.75% increase, while its daily trading volume has soared by more than 48% to $136.07 million in the past 24 hours.
The bullish journey of FORM began with the launch of the Four.Meme fair launch platform on July 3, 2024. Later, BinaryX rebranded to Four, aligning itself better with its token launch platform. However, since “FOUR” was already widely used in the meme coin community, the team decided to change its ticker to FORM, initiating a 1:1 swap from BNX to FORM on March 21.
Since early February, the altcoin has seen an extraordinary price rally, climbing over 1460% and breaking into the top 100 cryptocurrencies, currently ranking 72nd by market capitalization. After briefly dipping in March, the token continued its bullish momentum, breaking through an ascending resistance trend line.
FORM’s Bullish Momentum: Technical Indicators and Price Outlook
On the 4-hour FORM/USDT chart, technical indicators suggest further upward movement. The Relative Strength Index (RSI) has broken out from a descending trend line, while the Moving Average Convergence/Divergence (MACD) has formed a bullish divergence, reinforcing a positive outlook.
Looking ahead, the price prediction shows that FORM could soon set another new all-time high. Its wave count indicates that the token is in the middle of a five-wave rally, with the next target projected at $2.86. However, if the bullish momentum slows down, key support levels lie at $2.30, extending down to $2.00 and $1.95.
With strong technical indicators and continued market interest, the cryptocurrency remains at a bullish trend which could continue to the coming weeks.