Harvest Finance (FARM) Price Prediction | CoinCodex (2024)

According to our current Harvest Finance price prediction, the value of Harvest Finance is predicted to rise by 0.30% and reach $ 25.75 by June 14, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 50 (Neutral). Harvest Finance recorded 16/30 (53%) green days with 3.60% price volatility over the last 30 days. Based on our Harvest Finance forecast, it's now a bad time to buy Harvest Finance.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsem*nt, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Comparing Harvest Finance against other important technological innovations and trends is one way of predicting where the Harvest Finance price could head over the long term. The table above shows what the Harvest Finance price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.

In the best case scenario, FARM price prediction for year 2026 is $ 1,317.86 if it follows Facebook growth. In case Harvest Finance would follow Internet growth the prediction for 2026 would be $ 151.18.

Harvest Finance's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Harvest Finance is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 51 days, since Apr 19, 2023.

The price of Harvest Finance is currently below the 50-day SMA and this indicator has been signaling SELL for the last 51 days, since Apr 19, 2023.

The most recent Death Cross in the Bitcoin market happened 49 days ago, on Apr 21, 2023. Meanwhile, a Golden Cross last occurred on Feb 26, 2023, which was 103 days ago.

Based on our technical indicators, Harvest Finance's 200-day SMA will drop in the next month and will hit $ 33.29 by Jul 09, 2023. Harvest Finance's short-term 50-Day SMA is estimated to hit $ 26.57 by Jul 09, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 29.73, which indicates that the FARM market is in a oversold position. The RSI indicator suggests that the price of FARM will decrease.

Popular FARM Moving Averages and Oscillators for Fri, Jun 09, 2023

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Harvest Finance Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Harvest Finance Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 24.27, Harvest Finance has support levels of $ 23.86, $ 23.39, and the strongest at $ 22.99. Similarly, Harvest Finance resistance levels are at $ 24.74, $ 25.14, and $ 25.61..

Harvest Finance Correlation

Over the past 7 days, Harvest Finance price was most positively correlated with the price of Binance Coin (BNB), NEM (XEM), Cardano (ADA), NEO (NEO) and Stellar (XLM) and most negatively correlated with the price of Bitcoin (BTC), Bitcoin (BTC), XRP (XRP), TRON (TRX) and EOS (EOS).

Harvest Finance price is positively correlated with the top 10 coins by marketcap with a value of 0.769, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.739.

Currencies that are positively correlated with Harvest Finance indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Harvest Finance, a move in one direction for Harvest Finance would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Harvest Finance price in the future, it’s helpful to also explore Harvest Finance’s price history. In the last month, the FARM/USD pair is down .

How to read and predict Harvest Finance price movements?

Harvest Finance traders use a variety of tools to try and determine the direction in which the FARM market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Harvest Finance price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Harvest Finance Price Prediction Indicators

Moving averages are among the most popular Harvest Finance price prediction tools. As the name suggests, a moving average provides the average closing price for FARM over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for FARM is a sum of FARM’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the FARM price moves above any of these averages, it is generally seen as a bullish sign for Harvest Finance. Conversely, a drop below an important moving average is usually a sign of weakness in the FARM market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the FARM price.

How to read Harvest Finance charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Harvest Finance with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Harvest Finance’s price action in 1-hour chunks. Each candlestick will display FARM’s opening price, closing price, as well as the highest and lowest prices that Harvest Finance reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Harvest Finance?

Just like with any other asset, the price action of Harvest Finance is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of FARM. The market capitalization of Harvest Finance can change significantly in a short period of time.

When trying to make a Harvest Finance forecast, many traders also try to monitor the activity of FARM “whales”, which are entities and individuals that control large amounts of FARM. Since the Harvest Finance market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Harvest Finance’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.