BinaryX (BNX) Rebrands to FORM — Price Hits New All-Time High
Key Takeaways
- BinaryX (BNX) has rebranded to Four (FORM) on March 19.
- FORM broke out from a 237-day resistance trend line.
- Will BNX continue increasing after a new all-time high?
- Interested in buying or selling Four (FORM)? Read our review of the best exchanges to buy and sell Four (FORM).
BinaryX’s rebrand to FORM became official on March 19, following its announcement on Feb. 24, 2025. To celebrate its listing on MEXC, FORM is holding an airdrop for $140,000 that will continue until March 29.
Meanwhile, major exchanges, such as Binance, have completed the 1:1 token swap and listed FORM across several trading pairs.
The FORM price reacted positively to the news, surging to a new all-time high on March 19. Let’s analyze the FORM price action and see how long the upward movement will continue.
FORM Reaches All-time High
The FORM price has increased over 1,200% since Feb. 5, culminating with a new all-time high of $2.12 on March 18.
At first, it struggled to break out from a long-term descending resistance trend line, which caused three consecutive rejections (red icons).
However, FORM broke out from the trend line after 237 days on March 16. This accelerated the upward movement.
Technical indicators lean bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are rising.
While the RSI has a potential bearish divergence, the MACD has not generated one. Also, the RSI could invalidate its divergence soon.
The $1.65 area is key for the future trend. The area previously acted as resistance and is likely to provide support.
The FORM trend is bullish while the price does not fall below the horizontal area.
What’s Next for FORM?
The wave count gives a bullish FORM prediction, aligning with the positive price action.
As predicted on March 17, the FORM price broke out from the $1.65 resistance and reached a new all-time high.
The rally is likely wave three of a five-wave upward movement that started in February (green). The sub-wave count is in black.
FORM just completed sub-wave three of wave three, often, the most rapid portion of the increase.
Wave three has extended and is longer than wave one. The next likely ratio is 1.61 times the length of wave one, taking FORM to $2.58.
According to the wave count, a breakdown below $1.65 will put the count at risk, but not invalidate it.
Falling below its wave one high of $1.33 will invalidate the count, indicating a bearish trend instead.
New Highs Incoming
BNX completed its rebrand and swap to FORM, positively affecting the price and driving it to a new all-time high.
The price action, indicator readings, and wave count are all bullish. The most likely FORM prediction is an increase to at least $2.58.
On the other hand, the bullish outlook will be invalidated if the FORM price falls below $1.65.
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