🚨 $FARM /USDT Technical Analysis 🚨

The FARM/USDT pair has seen a significant decline recently, dropping by 9.45% over the last 24 hours. Currently priced at $57.03, it's essential to assess the current trends and potential price action.

📉 Price Movement Recap:

24h High: $63.79

24h Low: $56.97

Current Price: $57.03

24h Volume (USDT): 1.46M

🔮 Key Support & Resistance Levels:

Support Zone: $56.97 (Strong buying interest around this level)

Resistance Zone: $63.79 (Previous highs could face selling pressure)

📊 Target Breakdown:

1️⃣ Target 1: $55.50

A slight drop below current levels could bring FARM towards the support zone of $55.50, offering a potential entry point for buyers looking to capitalize on a rebound.

2️⃣ Target 2: $60.00

A potential recovery back towards $60.00 is possible if the price breaks through immediate resistance, providing a strong medium-term target for traders.

3️⃣ Target 3: $63.00

If the bullish momentum continues and breaks past $63.79, $63.00 could serve as a final upside target, with increased profit-taking likely to occur near the high of the day.

💡 Conclusion:

FARM/USDT is currently in a pullback phase, but the chart shows key levels for potential rebounds. Watch these targets closely to make informed trading decisions and manage risk effectively.

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