Market Overview for Harvest Finance/Tether (FARMUSDT) on 2025-10-06

• FARMUSDT declined from $27.68 to $27.63 over 24 hours amid mixed momentum and low volatility.
• RSI hovered near neutral, while MACD showed weakening bullish momentum in the final hours.
• Key support at $27.40–$27.45 held, with price rebounding after multiple tests.
• Volume surged in the early morning hours but failed to confirm a strong reversal.
• Price remains in a tight consolidation range between $27.16 and $27.95.

Opening Snapshot

Harvest Finance/Tether (FARMUSDT) opened at $27.66 on 2025-10-05 at 12:00 ET, reached a high of $27.95 and a low of $27.16, closing at $27.86 by 12:00 ET on 2025-10-06. Total traded volume over 24 hours was 31,331.59 units, with notional turnover amounting to $856,448.

Structure & Formations

The 24-hour OHLCV data reveals a complex structure with multiple swing highs and lows. A notable bearish engulfing pattern appeared at the 2025-10-05 17:00 candle, followed by a series of lower highs. Key resistance levels include $27.68 and $27.85, with the 27.52–27.65 zone showing strong consolidation. On the support side, $27.40–$27.45 acted as a recurring floor, while a bullish hammer emerged at 2025-10-06 00:00, signaling a potential short-term bounce.

Moving Averages and MACD/RSI

Short-term moving averages (20/50-period) on the 15-minute chart show a bearish crossover around 2025-10-05 17:00, confirming a bearish bias during the initial phase. The 50-period line later crossed back above the 20-period line after 02:00 ET on 2025-10-06, indicating renewed bullish momentum in the morning session.

The 12/26-period MACD line crossed into positive territory at 01:15 ET and remained above the signal line until 09:00 ET. RSI remained within the 40–60 range for most of the session, suggesting neutral momentum. A minor overbought reading (75) occurred at 06:30 ET, followed by a reversion toward mid-range territory.

Bollinger Bands and Volatility

Volatility expanded during the early hours of 2025-10-06, with the Bollinger Bands widening to capture the $27.16–$27.95 range. Price traded near the lower band for much of the session before bouncing back toward the center, suggesting a lack of directional clarity. The most significant contraction in bands occurred just before 17:00 ET on 2025-10-05, signaling a potential reversal that was only partially confirmed.

Volume and Turnover Analysis

Volume saw a sharp increase during the early morning hours (02:00–05:00 ET) with several large candles, notably the 02:45–03:00 ET and 03:00–03:15 ET periods, where over 2,400 units were traded. This volume surge coincided with a price rebound from the 27.40–27.45 support level. However, subsequent volume declined despite continued price advances, suggesting a potential divergence.

Turnover peaked at $103,547 for the 02:45–03:00 ET candle, followed by a drop in the next session as price continued higher. This divergence between volume and price indicates caution in interpreting the strength of the rebound.

Fibonacci Retracements

Applying Fibonacci retracement levels to the swing low at $27.16 and high at $27.95, the 38.2% level at $27.63 and 61.8% level at $27.78 provided key resistance. Price approached the 61.8% level multiple times, with the 03:30–03:45 ET candle reaching $27.68 before retreating. The 50% retracement level at $27.55 acted as a pivot point for several intraday reversals.

Backtest Hypothesis

The backtest strategy under consideration involves entering long positions when the 20-period EMA crosses above the 50-period EMA (golden cross) and the RSI enters the 40–50 range, with a stop-loss placed at the nearest Fibonacci support level. This setup was partially confirmed during the early morning hours of 2025-10-06, as both the EMA crossover and RSI condition were met, and price moved above the 27.68 resistance. However, the lack of strong follow-through volume in subsequent candles suggests that a tighter stop or additional confirmation (e.g., bullish divergence) might be needed for a more robust entry.