Hello Binance community 👋
Our currency today is Harvest Finance (symbol: FARM) — Here’s the latest information + a quick technical analysis for everyone to benefit from:
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🔍 Current price and basic information
Current price is approximately: $28.00 USD
24-hour trading volume: about $2.5 million to $3 million
Circulating supply: about 670-672 thousand FARM tokens out of a closer range of 670-690 thousand
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🛠 Simple definition
FARM is the governance token for Harvest Finance, a DeFi platform aiming to:
Enhancing user returns through automatic yield farming using "Vaults" strategies.
Empowering FARM holders to vote and participate in platform decisions, as well as receive a share of its profits.
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📈 Quick technical analysis
The price is currently trading within a resistance range around $30-$32, and if this level is broken, we may see an upward push towards $35-$40.
If it fails to hold above $27-$25, we may temporarily drop to support at $22-$20.
Relative Strength Indicators (RSI) show that the price may be close to overbought if the rise continues with the same momentum.
It is preferable to monitor trading volume: an increase in volume with a rise strengthens the chances of continued upward momentum, while a decrease in volume may indicate a potential pullback.
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⚠️ Points to pay attention to
DeFi projects carry risks such as: smart contract vulnerabilities, very high volatility, liquidity risks.
Prices may be affected by platform news, technical updates, competition, or changes in regulatory policies.
Do not put all your investment in one currency — diversification reduces risk.
