Deep Dive
1. Exchange Delisting Fallout (Bearish Impact)
Overview: FARM was among 17 tokens delisted by ProBit Global on May 30, 2025 (ProBit), citing platform quality standards. While withdrawals ended June 30, the reduced exchange availability limits liquidity and may have triggered residual sell-offs.
What this means: Delistings often create sustained selling pressure as holders exit positions preemptively. FARM’s 24h trading volume fell 10% to $1.42M, signaling thinning liquidity that amplifies price swings.
What to look out for: New exchange listings or liquidity partnerships to offset the loss of ProBit’s market share.
2. Technical Breakdown (Bearish Impact)
Overview: FARM trades at $26.26, below its 7-day SMA ($26.59) and 30-day SMA ($27.87). The MACD histogram (-0.07) confirms bearish momentum, while the RSI (45) nears oversold territory but lacks reversal signals.
What this means: Sustained trading below $27.60 (Fibonacci 50% retracement) could extend losses toward $25.14 (swing low). Traders may interpret the breakdown as a signal to short or exit positions.
3. Market-Wide Risk Aversion (Mixed Impact)
Overview: Bitcoin dominance rose to 58.35% (+0.58% in 24h), while the Altcoin Season Index fell 13.6% as investors shifted to safer assets.
What this means: FARM’s underperformance mirrors a sector-wide retreat from smaller-cap tokens. However, neutral overall market sentiment (Fear & Greed Index: 43) suggests no panic selling, limiting downside risk.
Conclusion
FARM’s decline stems from reduced liquidity post-delisting, bearish technicals, and a cautious altcoin market. While the token shows no immediate recovery signals, oversold conditions could attract contrarian buyers if broader sentiment improves.
Key watch: Can FARM hold the $25.14 support level, or will breaking it trigger a new downtrend?