Market Overview for Harvest Finance/Tether

Summary
• Price surged from $18.33 to $19.20, forming a bullish flag pattern after consolidation.
• RSI hit overbought levels above 70, suggesting potential near-term profit-taking.
• Volume spiked during the final 3 hours, confirming strength in the breakout.
• Bollinger Bands widened, indicating a rise in volatility and a potential continuation.
• Fibonacci retracements suggest $18.85–$18.90 as initial support, with $19.15 as resistance.

24-Hour Price and Volume Summary

Harvest Finance/Tether (FARMUSDT) opened at $18.48 on 2025-12-31 at 12:00 ET and closed at $19.09 on 2026-01-01 at 12:00 ET, with a high of $19.20 and a low of $18.33. Total volume amounted to 14,313.328 FARM, and notional turnover reached $258,375.89 over the 24-hour period.

Structure and Momentum

Price action displayed a clear bullish bias, forming a consolidation flag pattern before breaking out to the upside. The move was supported by a series of higher highs and higher lows, with no significant bearish reversal patterns appearing on the 5-minute chart. A strong engulfing candle at $18.85–$19.09 confirmed the breakout. RSI rose above 70, signaling overbought conditions and increasing the likelihood of a pullback or consolidation in the near term.

Volatility and Indicators

Bollinger Bands expanded as volatility increased, with price remaining above the 20-period moving average for most of the session. The MACD showed a strong positive crossover, reinforcing the upward momentum. Volume surged during the final 3 hours of trading, particularly around $19.05–$19.20, aligning with price strength and confirming the breakout.

Support and Resistance Levels

Immediate support lies at $18.85–$18.90, with $18.62 as a deeper level to watch. Resistance appears at $19.15 and $19.35. Fibonacci retracement levels from the $18.33 to $19.20 swing suggest $18.85 as a key level for potential bounce or retest.

In the next 24 hours, FARMUSDT may face profit-taking pressure near $19.15–$19.20, with a possible retest of key support at $18.85. Investors should monitor RSI and MACD for signs of weakening momentum. As always, a sudden shift in sentiment could trigger rapid reversals, so caution is warranted.