Key takeaways:
-
FORM eyes a 40% upside toward $2 as its ascending triangle pattern strengthens amid booming BNB meme activity.
-
Four.Meme’s daily revenue surpasses Pump.fun, with roughly 70% of its traders now in profit.
FORM, the native token of BNB Chain’s memecoin launchpad Four.Meme has surged nearly 85% in less than two weeks. That includes a 50%-plus jump in the past 24 hours, following Binance co-founder Changpeng “CZ” Zhao’s viral “BNB meme szn” post on X.
Multiple technical and onchain indicators now hint at a further price boom for FORM in October. Let’s examine.
FORM ascending triangle reversal setup hints at 40% rally
FORM token is showing early signs of a major bullish reversal.
After tumbling by over 75% in recent months, the token now appears to be forming an ascending triangle pattern, a structure typically associated with trend reversals when formed after a period of downtrend.
As of Wednesday, FORM trades near $1.42, rebounding from a local bottom around $0.80. The pattern’s horizontal resistance lies near $1.50–$1.60, while its rising trendline has supported higher lows since late September.
A decisive breakout above resistance could confirm the triangle setup, paving the way for a move toward $2, representing about 40% upside from current levels.
Momentum indicators back this scenario, with the daily relative strength index (RSI) recovering sharply from oversold conditions below the 30 mark. Rising trading volumes reinforce the view that FORM’s upside momentum is strong.
Four.Meme surpasses Pump.fun’s daily revenue
FORM’s bullish setup coincides with a resurgent BNB ecosystem, where meme-driven trading activity has exploded following CZ’s meme season post. That is visible in Four.Meme’s total-valued-locked (TVL) metric.
The launchpad earned $1.40 million in revenue in the same period, surpassing its Solana rival Pump.fun, which made $885,420, according to DefiLlama data.
The price of the Pump.Fun’s native token, PUMP, has dipped by over 20% in the past week, further suggesting that traders are speculating largely on FORM as of late.
Solana memecoins are also in red as focus shifts to the BNB Chain rival.
Related: TRUMP memecoin issuer seeks $200M treasury as token plunges 90%
Conversely, most top Four.Meme’s tokens have risen in the same period.
Roughly 70% of Four.Meme’s traders were in profit as of Wednesday, according to data resource Bubblemaps.
The renewed hype has also lifted BNB’s market dominance, helping it reclaim the 3rd spot by market capitalization, overtaking XRP (XRP).
What could change FORM’s bullish view?
Despite the ongoing upside momentum, FORM’s chart also outlines a potential bear flag pattern, characterized by parallel ascending trendlines following its 50% decline in September.
Such formations often precede a continuation of the previous downtrend if the price breaks below the lower boundary. A close under $1.28 could flip sentiment bearish, opening the door for a deeper correction toward the $0.50–$0.60 zone.
In that case, the bullish breakout scenario toward $2 would be invalidated, signaling that FORM’s recent rebound might only be a short-term relief rally.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
