Binance Adds Monitoring Tag to 7 Assets, Removes XAUT Seed Tag
- Compliance Update: Binance announced the addition of a Monitoring Tag to seven cryptocurrency assets, including FARM, while removing the Seed Tag from XAUT, indicating its ongoing commitment to enhanced risk assessment and regulatory compliance within the digital asset ecosystem.
- Monitoring Tag Mechanism: The Monitoring Tag system, a core component of Binance's risk management framework, flags assets with higher volatility or potential compliance issues, requiring users to pass quizzes every 90 days to trade, ensuring informed participation regarding associated risks.
- Market Impact: The implementation of the Monitoring Tag imposes restrictions on trading these assets, such as ineligibility for Binance's simplified convert feature, which may shift market perception and affect liquidity and investor participation in these assets.
- Industry Trend: Analysts view these tagging adjustments as part of a broader trend toward standardized self-regulation among cryptocurrency exchanges, aimed at protecting users and aligning with evolving financial regulations while encouraging tagged projects to enhance transparency and compliance.
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Technical Analysis for FARM
Technical Sentiment Analysis for Harvest Finance (FARM). As of , Harvest Finance (FARM) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 0 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FARM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, FARM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Harvest Finance (FARM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 9.04 | 10.14 | 11.01 | 12.11 | 12.98 | 14.08 | 14.95 |
| Fibonacci | 10.14 | 10.893 | 11.357 | 12.11 | 12.863 | 13.327 | 14.08 |
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