FORM tokens surged over 30% in 24 hours, marking the largest increase among cryptocurrencies ranked in the top 200 by market cap, with trading volume increasing by 90% to approximately $89 million. This rally was mainly driven by large derivatives whale purchases since late February, breaking through the key resistance level of $0.19. Although technical indicators such as Bollinger Band expansion show high volatility and an upward momentum, spot trading volume is declining, and traders are deleveraging above $0.30, indicating that the price may pull back from the current $0.27 to $0.30 range.