In this Harvest Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FARM-USDT. Harvest Finance (FARM) is a decentralized finance (DeFi) platform that utilizes a novel farming mechanism to provide liquidity providers with a sustainable and rewarding experience. FARM’s innovative design allows users to earn rewards in the form of cryptocurrency for contributing liquidity to the platform, creating a self-sustaining ecosystem that benefits all participants. With its focus on community growth and long-term sustainability, Harvest Finance (FARM) is poised to revolutionize the DeFi landscape.
Harvest Finance Price Overview:
As of July 02, 2024, Harvest Finance is trading at approximately 47.05 USDT. Let’s dive into the detailed price action for FARM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 48.6 |
| High (H) | 49.48 |
| Low (L) | 46.8 |
| Close (C) | 47.05 |
| Volume (C) | 18,784.72 |
- Open (O): The opening price for today’s trading session was approximately 48.6 USDT.
- High (H): Harvest Finance reached a daily high of around 49.48 USDT.
- Low (L): The daily low for FARM-USDT was approximately 46.8 USDT.
- Close (C): At the time of analysis, Harvest Finance is trading near its daily close of 47.05 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.27% |
| 3D Change (%) | -1.38% |
| 7D Change (%) | -3.86% |
| 30D Change (%) | -30.74% |
| 90D Change (%) | -1.65% |
| YTD Change (%) | -6.37% |
Over the past three days, FARMUSDT has decreased by approximately -1.38%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FARMUSDT maintaining a downward trend of approximately -30.74%, despite intermittent fluctuations. Examining the last 90 days, FARMUSDT has witnessed substantial fall of approximately -1.65%, reflecting strong long-term confidence. Year-to-date, FARMUSDT has steadily declined by around -6.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Harvest Finance Live Chart:
You can access a live price chart for FARM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.53827.
- Momentum score is -0.17988.
FARM USDT Technical Analysis
Harvest Finance Trading Volume:
The trading volume for Harvest Finance (FARM) over the past 24 hours has been insignificant, with approximately 18,784.72 USDT traded against FARM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FARM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Harvest Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FARM-USDT is currently in the low zone, around 38.87457. This suggests that Harvest Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Harvest Finance (FARM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment for Harvest Finance (FARMUSDT) at 47.05 USDT with technical analysis, highlighting weakened support and cautionary indicators.
Missing our detailed breakdown on FARM BTC Harvest Finance Technical Analysis would be a lost opportunity if you found value in this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.