Technical analysis by AndeWave about Symbol FORM: Buy recommendation (7/31/2025)

The breakout of the downward channel resistance forms a strong distribution. However, the most important thing here is that after strong growth, the coin entered a consolidation phase. Strong resistance has been confirmed and the market is forming an ascending triangle. The coin's behavior is strong, as the entire cryptocurrency market has been red for the past two days and testing lows, while FORM has been consolidating for growth. The breakout of the 3.85 resistance level could be rapid due to the accumulation of liquidity above the level.