FARM has recently experienced a step-like recovery trend. The price is currently around 20.53, having already bounced up from the previous low of 18.86.
From a technical perspective, it’s now above the 99-hour moving average (( around 20.10 )), but it's still stuck below the short-term and 25-period moving averages (( both in the 20.64-20.65 range )). This position is a bit awkward—it looks bullish, but hasn’t fully confirmed yet.
Looking upward, if it can decisively break through the 21.00-21.20 range, then the upside potential opens up, with targets at 21.8 or even around 23.3 (( it previously spiked up to that level )).
On the support side, recent support is right at the 99-hour moving average, around 20.10. Stronger support would be the swing low at 18.86. Volume data shows there was indeed increased buying during the rise, but lately, trading volume has shrunk a bit.
So, can the rally continue? The key is whether the price can hold above the short-term moving averages. If it holds, there’s potential. If it breaks below, it’s time to reassess.
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SighingCashier
· 21h ago
I'm all too familiar with this awkward position. Every time it gets stuck like this, the last plunge throws everyone off the train.
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DAOTruant
· 12-04 05:50
It's this "bottleneck" again, really speechless haha
Let's wait for a breakthrough and see how 21 performs.
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StableBoi
· 12-04 05:50
Stuck in an awkward position around the moving average, this kind of market is the most annoying haha
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WhaleMinion
· 12-04 05:44
Break 21.2 and we'll see 23? That's easy to say, but with shrinking volume, who's going to take over?
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CryptoTherapist
· 12-04 05:42
ngl this FARM chart is giving me "emotionally trapped between support and resistance" vibes... like, the price knows it should moon but it's too anxious to commit? classic market hesitation pattern right there
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AirdropSkeptic
· 12-04 05:41
Stuck in the moving average death zone, that's why I don't dare to make a move.
When volume shrinks, every spike is just a feint.
20.64 needs to truly break? Only then does it count—anything said now is pointless.
It's not about being bullish or bearish, just waiting for a confirmation signal.
18.86 is still providing a safety net, at least I can sleep soundly.
FARM has recently experienced a step-like recovery trend. The price is currently around 20.53, having already bounced up from the previous low of 18.86.
From a technical perspective, it’s now above the 99-hour moving average (( around 20.10 )), but it's still stuck below the short-term and 25-period moving averages (( both in the 20.64-20.65 range )). This position is a bit awkward—it looks bullish, but hasn’t fully confirmed yet.
Looking upward, if it can decisively break through the 21.00-21.20 range, then the upside potential opens up, with targets at 21.8 or even around 23.3 (( it previously spiked up to that level )).
On the support side, recent support is right at the 99-hour moving average, around 20.10. Stronger support would be the swing low at 18.86. Volume data shows there was indeed increased buying during the rise, but lately, trading volume has shrunk a bit.
So, can the rally continue? The key is whether the price can hold above the short-term moving averages. If it holds, there’s potential. If it breaks below, it’s time to reassess.