The FORM token, powering BNB Chain’s memecoin launchpad Four.Meme, has rocketed nearly 85% in under two weeks. The surge includes a massive 50%+ gain in the last 24 hours, sparked by Binance co-founder Changpeng “CZ” Zhao’s viral “BNB meme szn” post on X.
Several on-chain metrics and technical indicators now suggest FORM could extend its rally through October. Here’s a closer look.
Ascending triangle signals potential 40% upside for FORM
FORM appears to be forming the early stages of a bullish reversal.
After losing over 75% of its value in recent months, the token is shaping an ascending triangle—a pattern often linked to trend reversals following a downtrend.
As of Wednesday, FORM trades around $1.42, bouncing off a local low near $0.80. Horizontal resistance sits in the $1.50–$1.60 range, while the rising trendline has been supporting higher lows since late September.
A decisive breakout above this resistance could confirm the triangle, potentially pushing FORM toward $2—a roughly 40% increase from current levels. Momentum indicators support this outlook: the daily RSI has recovered sharply from oversold territory below 30, and trading volumes are climbing, signaling strong buying pressure.
Four.Meme outpaces Pump.Fun in daily revenue
FORM’s bullish case aligns with renewed activity in the BNB ecosystem, fueled by CZ’s meme season announcement. Four.Meme’s TVL reflects this surge in trading.
The platform earned $1.40 million in revenue recently, exceeding Solana rival Pump.Fun’s $885,420, according to DefiLlama. Meanwhile, Pump.Fun’s native token PUMP dropped more than 20% over the week, indicating that traders are favoring FORM.
Solana memecoins have mostly turned red as attention shifts toward BNB Chain.
Conversely, the majority of Four.Meme’s tokens have posted gains during the same timeframe.
Data from Bubblemaps shows that roughly 70% of Four.Meme traders were profitable as of Wednesday.
The renewed hype has also boosted BNB’s market dominance, helping it reclaim the 3rd spot by market cap, surpassing XRP.
Bearish risks to watch
Despite the upside, FORM’s chart also shows a potential bear flag forming, characterized by parallel ascending trendlines after its 50% September drop.
Such patterns can lead to a continuation of the prior downtrend if prices fall below the lower boundary. A close under $1.28 could shift sentiment bearish, potentially triggering a deeper correction toward $0.50–$0.60.
If that occurs, the $2 breakout scenario would be invalidated, suggesting that the recent gains may only be a short-term relief rally.
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