Boletín de AInvest
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Summary
• Price tested key resistance near $18.50 but retreated, forming bearish reversal patterns.
• RSI and MACD signal overbought conditions, hinting at potential downward correction.
• Volatility expanded mid-day as volume surged, but price failed to confirm strength.
• Bollinger Bands show price near upper band early, then recentered toward the mean later.
• Fibonacci levels suggest 61.8% retracement at ~$18.30 as short-term support to watch.
Harvest Finance/Tether (FARMUSDT) opened at $18.28 on 2025-12-16 at 12:00 ET, touched a high of $18.52, and a low of $18.00, closing at $18.08 on 2025-12-17 at 12:00 ET. The 24-hour volume amounted to approximately 10,428.37 FARM, with a total notional turnover of $189,493.58.
On the 5-minute chart,
formed a series of bearish reversal patterns, including a potential bearish engulfing near the high of $18.52. The 20-period and 50-period moving averages both remained above the current price, suggesting short-term bearish bias. On the daily chart, the 50-period MA is near $18.30, forming a key short-term support level.The RSI reached 67–70 early in the session, indicating overbought conditions, while the MACD showed a narrowing histogram and a potential bearish crossover on the 24-hour chart. These signals suggest that upward momentum is slowing and a pullback could be imminent.
Price initially approached the upper Bollinger Band, a sign of high volatility, before retreating and settling near the lower band by the close. This recentering may reflect a period of consolidation and reduced volatility ahead.
Volume spiked sharply in the early hours, especially between 02:00–04:00 ET, coinciding with a sharp selloff. However, volume waned in the afternoon, suggesting a lack of conviction in the bearish move. The price-volume divergence raises questions about the sustainability of the current bearish trend.
On the most recent 5-minute rally to $18.52, the 61.8% Fibonacci retracement level sits around $18.30, which the pair briefly tested but did not hold. On the daily chart, the 38.2% retracement of the broader move is near $18.40, currently acting as a resistance level.
FARMUSDT appears to be in a corrective phase following the initial overbought condition and strong volume-driven selloff. Investors should monitor the $18.30 support level for signs of stability or breakdown. A failure to hold above this level could signal a deeper pullback, though a rebound may see testing of the 38.2% retracement near $18.40. As always, volatility and volume shifts should be closely watched for confirmation.
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