FARM USDT Harvest Finance Technical Analysis - CoinPatrol (2024)

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 March 26, 2024, Harvest Finance is trading at approximately 52.83 USDT. Let’s dive into the detailed price action for FARM-USDT:

Navigate Harvest Finance’s (FARMUSDT) upward trajectory at 52.83 USDT with bullish technical analysis, highlighting strong support and promising indicators.

• Open (O): The opening price for today’s trading session was approximately 51.97 USDT.
• High (H): Harvest Finance reached a daily high of around 53.21 USDT.
• Low (L): The daily low for FARM-USDT was approximately 51.6 USDT.
• Close (C): At the time of analysis, Harvest Finance is trading near its daily close of 52.83 USDT.

Over the past three days, FARMUSDT has risen by approximately 8.44%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 14.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FARMUSDT maintaining an upward trend of approximately 16.91%, despite intermittent fluctuations. Examining the last 90 days, FARMUSDT has witnessed substantial rise of approximately 7.07%, reflecting strong long-term confidence. Year-to-date, FARMUSDT has steadily increased by around 5.13%, 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 0.77794.
• Momentum score is 0.12261.

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 23,357.54 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 above the 50-day SMA, indicating short-term bullish momentum.
• 200-day Simple Moving Average (SMA): Harvest Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

• The RSI30 for FARM-USDT is currently in the neutral zone, around 54.9571. This suggests that Harvest Finance is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Harvest Finance (FARM-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate Harvest Finance’s (FARMUSDT) upward trajectory at 52.83 USDT with bullish technical analysis, highlighting strong support and promising indicators.

Unlock additional insights on FARM BTC Harvest Finance Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of 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.