The FORM is currently in a retracement phase after a rapid surge, with the price around 0.378. From a multi-timeframe perspective, although it remains above the 99-hour moving average( approximately 0.334), it has broken below the 7-hour and 25-hour moving averages( approximately 0.385 and 0.404) respectively. This positioning presents a mixed and cautiously bullish overall pattern.

The key is whether it can effectively break above the 0.40-0.42 range—this area is both the 25-hour moving average and a short-term resistance. If it recovers this zone, there are still previous highs around 0.45 waiting above.

The support levels below are quite clear: 0.36-0.34 is the first support zone, with the 99-hour moving average( at 0.334) and the previous low at 0.2691 serving as deeper defenses. Trading volume significantly increased during the rapid rise; although it has pulled back now, there is still momentum. To see the market continue upward, it will require volume support and a decisive breakout above the 25-hour moving average.