Four (BASC: $FORM) has experienced a strong rebound, surging into the top 100 cryptocurrencies by market cap. The token is currently trading at $2.23, a 1.00% increase in the last 24 hours. In the last 7 days, it has surged by 18.15%, with an impressive 90.84% gain over the past 30 days.
The market cap stands at $852.14 million, nearing $1 billion. It has a 24-hour trading volume of $31.66 million, a 26.91% drop in the last 24 hours due to an overall crypto market drop. The total supply sits at 572.3 million tokens, with a max supply of 580 million and a circulating supply of 381.86 million.
FORM is a rebranded version of BinaryX (BNX), transitioning from a GameFi-focused token to a meme coin launchpad. The shift aims to provide a seamless platform for token creation on Binance Smart Chain.
Binance successfully completed the token swap, opening deposits for FORM while scheduling withdrawals for a later date. The rebranding seeks to avoid confusion with the widespread use of the term “FOUR” in the meme coin community.
The rebranding process involved a 1:1 token swap from BNX to FORM. This ensured that all existing BNX holders would receive an equal amount of FORM tokens.
Technical Analysis
Four (FORM) launched on March 19th, 2025. This marked the beginning of a new chapter in the DeFi and GameFi ecosystem. The price initially surged after the launch but slightly retraced. Since then, the price has been impressive overall, as it has been trading bullish and recording an all-time high of $2.65 on March 24th before a fresh retracement.
Currently, the price is trading slightly above a double support level of an ascending trendline and a horizontal support level at around $2.18.
If bulls successfully defend this support level, FORM could push towards the $3 psychological level before another retracement occurs. However, if bearish momentum increases, the price may break below the $2.18 double support level, with the next support potentially at $1.80.
Is Now The Time To Buy FORM?
FORM is a newly listed coin, and its price movement depends on the overall market sentiment. For a buy opportunity to get confirmed, the price must be rejected around the current double support level. A strong impulsive move to the upside, or bullish candle patterns around the level, would confirm a trend continuation.
However, if more bearish pressure is witnessed, FORM might retrace further to the next potential support level at $1.8. Therefore, monitoring price action at the current support level is key.
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