$FARM The price spiked to a 24-hour high of $83 before pulling back to $57.24. This suggests significant buying momentum, followed by a correction.
Such large moves are often triggered by market news or low liquidity.
Support: $53.74 (current price level is hovering near this, acting as short-term support).
Resistance: $69.44 (next potential level if a reversal occurs).
Possible Actions:
Bullish Scenario: A breakout above $69.44 could indicate another bullish leg.
Bearish Scenario: A breakdown below $53.74 may lead to a further correction toward $43.39.