Market Overview for Harvest Finance/Tether

Summary
• Price surged from $17.39 to $23.98, forming bullish engulfing patterns in early morning.
• Volume spiked to 25,011.67 during the morning breakouts, confirming upward momentum.
• RSI reached overbought territory above 70, suggesting possible near-term profit-taking.
• Bollinger Bands widened significantly after the 6:00 ET break, signaling rising volatility.

Price and Volume Activity

Harvest Finance/Tether (FARMUSDT) opened at $17.39 on 2025-12-24 at 12:00 ET and closed at $23.29 on 2025-12-25 at 12:00 ET. The 24-hour high reached $23.98, while the low was $17.39. Total volume amounted to 172,648.37, and notional turnover was $3,352,920.48.

Structure and Momentum

The price formed a strong bullish engulfing pattern during the 4:30–5:00 ET window, followed by a continuation of higher highs and higher lows. MACD crossed into positive territory with increasing histogram bars, reinforcing the bullish bias. RSI climbed into overbought territory by midday, hinting at potential consolidation.

Volatility and Fibonacci

Bollinger Bands expanded significantly in the early morning, reflecting a sharp rise in volatility. Price retested the 61.8% Fibonacci retracement level of the overnight rally multiple times, finding strong support in the $18.00–$18.15 range.

Volume and Turnover Divergence

The largest volume spike occurred during the 9:45–10:00 ET window, coinciding with a $23.98 high. Despite the large price move, turnover remained relatively proportional, indicating strong institutional or retail participation rather than a wash trade.

The market appears to be in a short-term bullish trend, with strong support levels intact and momentum indicators suggesting continuation. However, overbought conditions and a widening range may increase the risk of a pullback or consolidation in the next 24 hours. Investors should remain cautious of potential profit-taking or bearish reversals if the $22.00 level is breached.