Chart: 1-Day Candlesticks
Timeframe: 2024-04-12 15:50
Analysis:
Overview:

Price opened at 96.69, rose to 108.60, fell to 89.42, and closed at 97.55.
Daily change is +0.60%.
High price is 108.60, low price is 89.42.
Volume (FARM): 280,552K
Volume (USDT): 27.935M

Technical Indicators:

Moving Averages:

MA(7): 84.59
MA(25): 60.04
MA(99): 49.08

Support and Resistance:

Support: 97.55, 89.42
Resistance: 108.60

Analysis:

Price failed to break above the 108.60 resistance level and pulled back.
Price is currently testing the 97.55 support level.
If price cannot break above this support, it could fall to 89.42.
If price can break above the 97.55 support, it could challenge the 108.60 resistance level again.

Binance Square Analysis Hour:

Short-Term (1 Hour):

Price is testing the 97.55 support.
If price cannot break above this support, it could fall to 95.00.
If price can break above the 97.55 support, it could rise to 100.00.

Mid-Term (4 Hours):

Price is stuck at the 100.00 resistance level.
If price can break above this resistance, it could rise to 105.00.
If price cannot break above the 100.00 resistance, it could fall to 95.00.

Long-Term (1 Day):

Price failed to break above the 108.60 resistance level and pulled back.
Price is currently testing the 97.55 support level.
If price cannot break above this support, it could fall to 89.42.
If price can break above the 97.55 support, it could challenge the 108.60 resistance level again.

Overall:
Binance Square failed to break above the 108.60 resistance level and pulled back. Price is currently testing the 97.55 support level. If price cannot break above this support, it could fall to 89.42. If price can break above the 97.55 support, it could challenge the 108.60 resistance level again.
Note:
This is just a technical analysis and is not investment advice. It is important to do your own research before making any investment decisions.

Please do not forget to subscribe and do not miss the latest analysis.

$FARM #FARMUSDT #farmer #FARM2024 #FARM #farming