What is FORM Crypto? FORM Price Erupts +30% As Analysts Call Short Squeeze
FORM jumped more than +30% in the past day as leverage poured in, with traders calling the move a short squeeze.
The rally began late Sunday and carried into Monday. Prices on major exchanges swung from around $0.91 to as high as $1.47 before settling in the mid-$1.30s at press time.
(Source: Coingecko)
Binance and Bybit each recorded hundreds of millions of dollars in 24-hour volume.
Derivatives data from Coinalyze showed that funding turned positive and that open interest had nearly doubled to $26M, a sign that traders had piled into long positions.
Funding rates hovered near +0.01% per eight hours, adding weight to the view that aggressive longs fueled the rally.
(Source: Coinalyze)
The token is the native…
