Why did the price of FORM go up?

Four (FORM) increased by 9.54% over the past 24 hours, standing out against the overall crypto market, which was mostly flat (-0.07% total crypto cap). This gain continues FORM’s recovery from recent lows. The main reasons behind this move are:

1. Technical rebound – FORM’s Relative Strength Index (RSI) was very low (16.67), signaling it was oversold after dropping 63% in the last 30 days, which attracted buyers.
2. Renewed interest in GameFi – Social media buzz about Four’s expanding gaming ecosystem helped boost attention.
3. Altcoin rotation – Investors moved money into higher-risk altcoins like FORM, as indicated by the Altcoin Season Index reaching 71.

Deep Dive

1. Technical Rebound (Positive Signal)

Overview: On September 23, FORM’s 14-day RSI hit 16.67, its lowest point since March 2025, showing it was heavily oversold. The recent price bounce happened near $1.10, a key support level based on past price swings.

What this means: Short-term traders likely saw FORM as undervalued and bought in, especially since trading volume was low (turnover ratio: 0.12), which can amplify price moves. The MACD indicator is still negative (-0.134), so caution is advised, but the RSI suggests selling pressure may be easing.

Key level to watch: If FORM can stay above $1.54 (its 7-day simple moving average), it could signal stronger momentum for a continued recovery.

2. GameFi Narrative Revival (Mixed Impact)

Overview: On August 20, Four posted a tweet about new “play-to-earn” quests and meme token features, which sparked renewed interest. This followed a big volume increase (613%) on July 30 after Bit2Me listed FORM on their platform (source).

What this means: Retail investors might be speculating on Four’s focus on GameFi, but developer updates have been limited since its all-time high in August. Trading volume in the last 24 hours ($58.4 million) is down 42% from July’s peak, suggesting less active participation.

3. Altcoin Rotation (Positive Signal)

Overview: The Altcoin Season Index, which measures investor interest in altcoins versus Bitcoin, rose 42% over 30 days to 71. This shows money is moving from Bitcoin (which holds 57.8% market dominance) into riskier altcoins. FORM’s 90-day correlation with Bitcoin dropped to 0.32, meaning it’s less influenced by Bitcoin’s price moves.

What this means: Investors may be seeking higher returns by buying volatile tokens like FORM, despite its 55% loss over the past 90 days. This trend is supported by a 6.33% month-over-month increase in futures trading interest for altcoins.

Conclusion

FORM’s recent price rebound is driven by technical factors, renewed interest in its GameFi ecosystem, and a broader shift toward altcoins. However, it faces strong resistance near $1.50 and needs new positive news to keep climbing. Key point to watch: Will FORM hold above its 7-day moving average at $1.54 to confirm a trend reversal, or will fading GameFi excitement lead to profit-taking?

What could affect the price of FORM?

Four’s price is caught between growing excitement around GameFi and signs that the recent rally might be losing steam.

1. IGO Platform Growth – The recent success of Project Matthew, with its token soaring 1,433%, could attract more developers and increase activity in the Four ecosystem.
2. Oversold Technicals – The Relative Strength Index (RSI) is very low at 16.67, suggesting a possible price rebound, but the Moving Average Convergence Divergence (MACD) indicator still shows bearish signals.
3. Market Sentiment Shift – The Altcoin Season Index at 70 favors riskier coins like FORM if investors continue moving away from major cryptocurrencies.

Deep Dive

1. IGO Platform Momentum (Positive Outlook)

Overview: In March 2024, Four’s Initial Game Offering (IGO) for Project Matthew sold out in just 10 minutes, with the MC token price jumping 1,433%. The team plans to implement stricter project reviews and offer airdrop rewards to MB4 token holders to keep demand strong.

What this means: Successful IGOs increase the usefulness of FORM as a token for governance and participation, which has historically led to price increases (Project Matthew stats). Bringing in more developers could help maintain steady demand after the recent rebranding.

2. Technical Rebound Potential (Mixed Signals)

Overview: FORM is currently trading 63% below its all-time high of $4.19 reached in August 2025. The 14-day RSI at 16.67 indicates the token is oversold, which often precedes a short-term price bounce. However, the MACD histogram at -0.13 suggests bearish momentum is still present.

What this means: While the oversold condition might lead to a rebound, the 30-day Simple Moving Average (SMA) at $2.82 could act as strong resistance. If FORM’s price breaks above $1.76 (the 78.6% Fibonacci retracement level), it might trigger automated buying. Failing to hold above this level could lead to a retest of the recent low at $1.10.

3. Altcoin Liquidity Cycles (Potential Upside and Risks)

Overview: The crypto Fear & Greed Index is at 39, signaling “Fear,” but the Altcoin Season Index at 70 shows investors are shifting capital toward smaller, more volatile coins. FORM’s 24-hour trading volume of $58 million represents 12% of its market cap, indicating high volatility.

What this means: In a risk-on market environment, FORM’s focus on GameFi and its integration with the BNB Chain (which has 300,000 monthly active users) could help boost its price (BNB Chain stats). However, Bitcoin’s dominance at 57.8% suggests that sudden shifts back to major cryptocurrencies could drain liquidity from altcoins like FORM.

Conclusion

Four’s price outlook depends on how well its rebranded ecosystem performs amid broader market trends. The token’s impressive 787% gain year-to-date (as of August 2025) shows strong potential, but the recent 63% drop over 30 days highlights the need for continued product launches and user growth. Keep an eye on MB4 holder numbers and whether the MACD crosses above its signal line — this will help determine if the current oversold bounce has momentum or if it’s just a temporary rebound.

What are people saying about FORM?

The Four (FORM) community is energized by a mix of past all-time high (ATH) excitement and new GameFi opportunities. Here’s what’s happening right now:

1. Celebrations around past ATHs continue, even though prices have recently pulled back
2. Migration from BNX to FORM is boosting liquidity on exchanges
3. Technical indicators warn of overbought conditions, contrasting with the excitement around “play-to-earn” gaming

Deep Dive

1. @FourFORM: Riding Bitcoin’s ATH momentum with new quests

“BTC’s at ATH. $FORM is matching the vibe. 🚀”
– @FourFORM (15.2K followers · 284K impressions · August 14, 2025)
View original post
What this means: This is a positive sign for FORM because it’s linking its price movement to Bitcoin’s recent all-time high on August 14. Even though FORM’s price is currently about 69% below its own peak of $4.19 from the same month, this connection helps keep community enthusiasm alive.

2. @coingabbar: Whale activity causes price swings and overbought signals

“FORM surged 12.13% in 24h [...] RSI above 73 signals possible overbought conditions.”
– Coingabbar report (July 30, 2025)
View analysis
What this means: This is a mixed signal for FORM. A 600% increase in trading volume suggests large investors (whales) are active, which can cause price swings. However, the Relative Strength Index (RSI) above 70 usually means the asset is overbought and could face a price correction. Indeed, FORM saw a 36% drop in one week, falling to $1.26 after this signal.

3. INDODAX: BNX-to-FORM migration boosts liquidity and supply

“INDODAX will facilitate migration from BNX to FORM at 1:1 [...] 7.5M members gain access”
– INDODAX migration notice (March 11, 2025)
View announcement
What this means: This is good news for FORM. Indonesia’s largest crypto exchange, INDODAX, allowed 7.5 million users to swap BNX tokens for FORM tokens at a 1:1 ratio. This increased FORM’s circulating supply to 381 million tokens and improved liquidity, especially during the rebranding phase in the second quarter of 2025.

Conclusion

The outlook for FORM is mixed. On one hand, the BNX migration has strengthened liquidity and exchange support. On the other hand, recent technical indicators suggest the market may be cooling off after a strong run, with a 63% price drop over 30 days. The key price level to watch is $1.20—if FORM falls below this, it could test the March migration baseline of $0.88. This suggests the market might be expecting slower growth in GameFi adoption than the community hopes.

What is the latest news about FORM?

FORM experiences sharp ups and downs—soaring to new highs before cooling off. Here’s a quick look at the latest developments:

1. FORM Hits $4.19 All-Time High (August 10, 2025) – A 60% weekly surge driven by a shift toward GameFi and excitement around meme tokens.
2. Top Crypto Performer of 2025 (August 27, 2025) – Up 787% year-to-date after rebranding from BinaryX.
3. 16% One-Day Jump (July 30, 2025) – Trading volume spiked 613% amid a rotation into altcoins.

In-Depth Look

1. FORM Hits $4.19 All-Time High (August 10, 2025)

Summary:
On August 10, FORM reached a new peak of $4.19, beating its previous high of $2.62 from March. This jump happened as Four expanded into meme tokens (Four.Meme) and launched an Initial Game Offering (IGO) platform. Trading volume topped $10 million, showing strong interest from both everyday investors and institutions.

What it means:
This is a positive sign for FORM’s efforts to diversify its ecosystem. However, without updates on future plans or comments from leadership, it’s unclear if this growth is sustainable. After hitting the peak, the price dropped 70% to $1.25, likely due to profit-taking and limited market liquidity. (CoinMarketCap)

2. Top Crypto Performer of 2025 (August 27, 2025)

Summary:
FORM is one of the best-performing cryptocurrencies in 2025, with a 787% gain so far. This growth followed its rebranding from BinaryX to focus on GameFi. Highlights include Four.Meme gaining viral popularity and the price moving from $0.143 in February to $4.19 in August.

What it means:
The long-term outlook is uncertain. While adoption numbers have improved, FORM’s heavy reliance on meme trends and unclear revenue sources from its platform could be risky if interest in GameFi fades. (Bit2Me News)

3. 16% One-Day Jump (July 30, 2025)

Summary:
On July 30, FORM’s price rose 16%, outperforming major cryptocurrencies like Bitcoin and Ethereum. Global crypto trading volume hit $158 billion, and FORM’s own volume surged 613% to $60 million. This coincided with a strong altcoin market phase (Altcoin Season Index at 69).

What it means:
This rally was partly driven by broader market trends rather than specific news about FORM. The price later reversed amid a market-wide sell-off, with $271 million in liquidations that day. (CryptoTimes)

Conclusion

FORM’s story in 2025 is marked by bold rebranding, meme-driven price swings, and uneven growth in its ecosystem. While technical momentum and new exchange listings (like Bit2Me on July 22) helped boost visibility, the 63% drop over 90 days shows signs of overheated speculation. The key question: Can Four turn meme hype into lasting GameFi value before the next wave of excitement fades?

What is expected in the development of FORM?

Four is moving forward with two key updates:

1. Ai Hero V2 Update (Date TBD) – Introducing Competition Mode and BNX staking for Hero NFT mining.
2. PancakeMayor Official Launch (Date TBD) – Rolling out improvements and new features after the beta phase.

In-Depth Look

1. Ai Hero V2 Update (Date TBD)

What’s new:
The Ai Hero V2 update will bring Competition Mode, where players can compete in ranked battles to earn $BNX tokens. It will also introduce Hero Mining, letting users stake BNX tokens to mine Hero NFTs, potentially earning over 100% annual returns (Four’s Medium). Additionally, the update will add the ability to deposit and withdraw tokens and NFTs, completing the game’s economic system.

Why it matters:
This update could increase the value and use of BNX (now moved to FORM), encouraging more players to join through play-to-earn features. However, delays or low player interest might limit its success.

2. PancakeMayor Official Launch (Date TBD)

What’s new:
After a successful beta test in November 2023 with nearly 40,000 active players, PancakeMayor’s full launch will include community-requested improvements, bug fixes, and new features (Four’s Medium).

Why it matters:
The impact on FORM is uncertain until we see how well players stick with the game. A smooth launch could boost Four’s reputation in blockchain gaming, but the market is competitive.

Conclusion

Four is focused on enhancing its GameFi platform with Ai Hero V2 and PancakeMayor updates. These changes aim to increase player engagement and token use. The big question is whether these updates will drive lasting growth or if broader market conditions will overshadow them.

What updates are there in the FORM code base?

No recent updates to the Four (FORM) codebase were found in the data reviewed.

1. Rebranding Completed (September 2024) – The project changed its name from BinaryX to Four, swapping BNX tokens for FORM tokens at a 1:1 ratio.
2. GameFi Ecosystem Growth (July–August 2025) – Focused on integrating the Ai Hero game and developing an Initial Game Offering (IGO) launchpad.

In-Depth Look

1. Rebranding Completed (September 2024)

Summary:
In September 2024, Four officially rebranded from BinaryX. This involved exchanging BNX tokens for FORM tokens on a one-to-one basis.

The transition required coordination with cryptocurrency exchanges like Bitvavo and MEXC to remove BNX trading pairs and introduce FORM trading by March 2025. Smart contract updates were made to ensure existing token holders could smoothly switch to FORM tokens. However, there were no major changes to the underlying technology or protocol.

What this means:
This change is mostly organizational and does not represent a technical upgrade. Users experienced a smooth token swap, but there were no improvements in network speed, security, or functionality.
(Source)

2. GameFi Ecosystem Growth (July–August 2025)

Summary:
Four has been focusing on expanding its GameFi (gaming + finance) offerings. This includes updates to its Ai Hero battle royale game and launching an Initial Game Offering (IGO) platform to support new games.

Although no specific code updates were shared publicly, social media mentions pointed to debugging and backend improvements, possibly related to NFT minting and cross-chain compatibility with the BNB Chain. The FORM token price rose by 12.13% on July 30, 2025, amid speculation of large investors supporting the ecosystem.

What this means:
This development is positive for FORM, as better gaming infrastructure could attract more developers and players. However, the lack of transparent code updates means there is some uncertainty about how well these plans will be executed.
(Source)

Conclusion

Four is focusing on growing its ecosystem after rebranding, especially in the gaming sector. However, recent updates have not shown clear technical improvements in the codebase. It remains to be seen how future partnerships or security audits might affect FORM’s technical reputation and user confidence.