Market Overview for Harvest Finance/Tether

Summary
• Price tested key resistance at $19.90 before consolidating below.
• Momentum shifted midday with a bullish MACD crossover and rising RSI.
• Volatility expanded post-ET 02:00, coinciding with a 30% jump in notional turnover.
• Bollinger Bands widened overnight, suggesting a breakout scenario ahead.

FARMUSDT opened at $19.64 on 2026-01-05 12:00 ET, reached a high of $19.97, and closed at $19.87 on 2026-01-06 12:00 ET, with a low of $19.45. Total volume was 11,125.55 FARM, and notional turnover was $218,937.74 over the 24-hour period.

Structure & Formations

Price encountered key resistance at $19.90, failing to break through despite a strong push around 05:30 ET. A bullish engulfing pattern formed at 19:00–19:15 ET, followed by a potential bearish harami at 00:45–01:00 ET. Support levels at $19.70 and $19.50 appear strong, with the latter showing a rejection candle.

Moving Averages

On the 5-minute chart, the price traded above both 20 and 50-period EMAs for most of the session, suggesting short-term bullish bias. Daily moving averages (50/100/200) show no clear alignment, with price hovering near the 50-day line.

MACD & RSI

The MACD crossed into positive territory around 20:30 ET, indicating strengthening bullish momentum. RSI reached overbought levels above 65, but did not show signs of exhaustion. A pullback to RSI 50 could indicate consolidation before a potential resumption of the upward trend.

Bollinger Bands

Volatility increased overnight, with the Bollinger Bands expanding notably after 02:00 ET. Price spent most of the session in the upper half of the bands, suggesting a high conviction move. A potential retest of the lower band near $19.70 could act as a short-term support.

Volume & Turnover

Volume spiked significantly around 02:45 ET with a large 5-minute candle printing $18,473.62 in turnover. This coincided with a sharp upward move from $19.66 to $19.76. A divergence between volume and price was observed near the close, with a smaller volume bar supporting a possible pause in the uptrend.

Fibonacci Retracements

Recent 5-minute swings from $19.45 to $19.97 align with 38.2% and 61.8% Fibonacci levels at $19.77 and $19.86 respectively. These levels correspond with actual price consolidation points, suggesting they could act as dynamic support/resistance.

Over the next 24 hours, a retest of the $19.90 resistance could trigger a breakout or a consolidation phase. Investors should watch for volume confirmation and divergence in momentum indicators to gauge the likelihood of a sustained move.