In the past 24 hours, FORM has led the crypto market with a 30% gain while trading volume surged by 90%. However, concerns about a potential price pullback arise as many traders begin to deleverage, particularly as prices approach the 0.30 USD mark.
Despite the impressive rally driven by derivative whales, decreasing spot trading volume suggests that trader confidence may be dwindling. Analysts highlight the potential for a price consolidation phase between 0.27 USD and 0.30 USD, raising questions about the sustainability of this upward trend.
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