Strong momentum has recently marked the FORM token’s performance, with expectations of a 40% price increase as it benefits from a renewed BNB ecosystem fueled by meme-driven trading activities. Specifically, the token, associated with the BNB Chain’s memecoin launchpad, Four.Meme, has seen a remarkable surge of approximately 85% in just two weeks, including a notable jump of over 50% in the last 24 hours.
This rally was significantly influenced by Binance co-founder Changpeng Zhao’s (CZ) viral post on X, declaring it the “BNB meme szn.” Following this announcement, FORM’s price climbed to around $1.42, rebounding from lows near $0.80, and its technical structure is now hinting at a bullish reversal. The emerging pattern of an ascending triangle suggests that a breakout past the horizontal resistance in the $1.50–$1.60 range could enable FORM to reach the $2 mark, reflecting a potential upside of about 40% from current prices.
Supporting this optimistic outlook are various technical and on-chain indicators. The daily relative strength index (RSI) has rapidly regained value from previously oversold levels, currently reflecting growing market strength. Additionally, rising trading volumes are providing further confirmation that upward momentum is gaining traction for FORM.
In the competitive landscape of memecoins, Four.Meme has outperformed its Solana-based rival, Pump.fun, in terms of daily revenue. According to data from DefiLlama, Four.Meme generated $1.40 million in revenue, surpassing Pump.fun’s earnings of $885,420. Notably, the PUMP token associated with Pump.fun has experienced a decline of over 20% in the last week, further indicating that traders may be pivoting their interests toward FORM.
The current shift in focus also reveals a significant changing of tides within the meme-based cryptocurrency sphere. Solana’s memecoins have faced losses as attention turns to BNB Chain’s projects. Data from CoinGecko indicates that while most Four.Meme tokens are on the rise, Solana memecoins have struggled in performance.
Statistics from Bubblemaps further corroborate the bullish trend, showing that approximately 70% of Four.Meme traders are currently realizing profits. The surge in trading activity has also enhanced BNB’s market position, allowing it to overtake XRP and reclaim the third spot by market capitalization.
While the outlook for FORM is encouraging, potential risks remain. The token’s chart is also establishing the formation of a bear flag pattern following its steep decline of over 50% in September. If FORM’s price were to drop below $1.28, it could signal a bearish sentiment shift and possibly revert to a downtrend corrective phase, dropping toward the $0.50–$0.60 range. Such a movement would undermine the current bullish breakout hypothesis towards $2, suggesting that the recent rebound might merely be a transient recovery.
Investors are urged to tread carefully, as the cryptocurrency market remains highly volatile. While excitement around FORM continues to grow amidst the ongoing BNB meme activity, it is crucial for traders to conduct thorough research prior to engaging in investment decisions.
