#大户持仓动态 FORM Spot Market Analysis | Technical Pressure, Ecosystem Gains

$FORM is currently trading around $0.3488. This market movement is quite interesting — on one side, frequent bearish signals from technical indicators warning of downside, while on the other, ecosystem development is quietly gaining momentum.

First, the bad news on the technical front. EMA and MACD have formed a death cross, and the price has broken below the middle band of the Bollinger Bands, indicating a less optimistic outlook. Additionally, major cryptocurrencies besides BTC are under pressure, and FORM naturally cannot escape this wave of selling. Trading volume has shrunk to a moderate level, suggesting many market participants are on the sidelines.

But here’s the interesting part — FORM has completed integration with United Stables’ $U stablecoin, and both are deployed simultaneously on BNB Chain and Ethereum. What does this mean? It indicates that FORM’s role within the ecosystem is becoming more significant. If a token can establish a presence within stablecoin infrastructure, its utility and liquidity potential are greatly enhanced.

Community opinions are also quite divided. Some have noticed that recent lows are rising, with signs of accumulation gradually emerging, viewing this as a preparatory phase before a rebound. Some analysts see the price holding firmly above key support levels, reasoning that a structural rebound could follow. On the other hand, cautious voices warn that sideways consolidation might continue until market sentiment is fully restored.

Both sides of the coin are present: technically, there is indeed downside risk, and market sentiment has not fully shifted. However, progress at the ecosystem level and those subtle positive signals in the chart cannot be ignored. Currently, it’s more like a tug-of-war between bulls and bears. The direction it will take depends on the overall performance of other major cryptocurrencies besides BTC in the coming weeks.