TAO Falling Wedge Narrows: Anticipated Breakout Targets 30% Increase to $350

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 16 2025

Should l Buy FORM?

Current Price and Trend: TAO trades at $339.54 after a 3.0% daily decline, moving within a falling wedge pattern on the one-hour chart, with resistance at $349.98 and support at $313.62.
Market Analysis: Traders are monitoring the narrowing trend lines for potential upward movement, with the upper boundary aligning with a key resistance level.
Analyst Commentary: Analyst Captain Faibik noted a confirmed falling wedge breakout, suggesting a possible 30% bullish wave if momentum increases, drawing attention to the price nearing the upper trend line.
Disclaimer: The article emphasizes that it is for informational purposes only and advises readers to conduct their own research before making financial decisions.

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Technical Analysis for FORM

Technical Sentiment Analysis for Formation Fi (FORM) As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Formation Fi (FORM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0764	0.135	0.194	0.252	0.311	0.37	0.428
Fibonacci	0.135	0.18	0.208	0.252	0.297	0.325	0.37

About FORM

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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