Four Price Surges 10% as Israel Seeks to End War with Iran, Bulls Eye $3

Highlights:

• The price of Four rises 10% to $2.61, with increasing trading volume and market optimism amid geopolitical news.
• Technical indicators show bullish momentum towards $2.80 in the short term.
• The derivatives market shows growth in open interest, indicating confidence in a potential rally.

As of 23 June, Four Price (FORM) is showing positive trends in the market, with its value increasing by 10% to $2.61. Furthermore, its daily trading volume has increased by 15%, indicating heightened market activity over the past 24 hours. Four is now up 2% in a week, despite a slight 9% drop in a month. Meanwhile, the crypto market seems to rebound, as Israel seeks to end its war with Iran soon, according to WSJ reports. This may trigger a rebound in the crypto market, including in the Four price.

Israel is looking to “wrap up its war” with Iran after 10 days, according to the WSJ.

Follow: @AFpost pic.twitter.com/KYnE7GCob9

— AF Post (@AFpost) June 23, 2025

The announcement leaves doubts about whether such a pause is an intentional strategy or just a temporary one. The war has garnered significant international attention, and its repercussions may extend beyond the Middle East. For now, the crypto market is trying to find direction as Israel awaits Iran’s response.

Four Price Eyes a Potential Rise to $2.80

A closer look at Four price shows a rebound from the $2.29 lows, currently flaunting around the $2.61 mark. Moreover, the bulls are showing no signs of stopping, as the current support sits at $2.49, aligning with the 50-day MA. The rising parallel channel also shows increased bullish momentum in the market.

The technical indicators, including the Relative Strength Index (RSI), are at the value of 70.02. This indicates that the market is becoming overbought, suggesting the upward trend may stall in the near future. Traders and investors should be cautious, as the bulls may sweep through liquidity, potentially causing a slight retracement. 

Additionally, the positive scenario is also supported by the Moving Average Convergence Divergence (MACD). This is where the MACD line has begun to move above the signal line, and the indicator is trending upward, indicating that bullish sentiment is still building. These indicators indicate a possible extension of the price rise in FORM to the upper resistance zone of $2.80.

FORM Bulls Eye $3 as Amid Rising OI

The open interest of FORM has recorded a healthy growth of 10.85% to 60.42 million in the derivatives market, highlighting the confidence that traders have placed in FORM. Moreover, the long/short ratio measured over 24 hours equals 1.45, indicating a bullish outlook. 

In the meantime, the Four price is upholding a bullish prospect, as the bulls target the $2.80 mark soon. If the support zone holds and the bulls capitalize on the buy signal from the MACD indicator, a potential rally towards the recent $3 ATH could be plausible.

On the other hand, caution is warranted, as the RSI has reached the overbought region. If early profiteering occurs, it may trigger some sell-offs in the market, leading to a market drop. In that case, the $2.59, $2.55, and $2.49 support zones will act as the safety nets against further downside. In a highly bearish stance, a breach below the $2.49 mark may cause further correction towards the $2.13 low, last tested on 16 June.