Market Overview for Harvest Finance/Tether (FARMUSDT)

Summary
• Price tested key resistance around $19.25–19.30, with mixed follow-through after initial breakouts.
• High volume and bullish momentum flagged at $19.51–19.61, followed by bearish divergence in late morning ET.
• Volatility expanded sharply after 01:45 ET, with Bollinger Bands widening as price surged toward $19.92.
• RSI overbought conditions emerged at peak, suggesting potential for consolidation or pullback.
• 5-minute doji and engulfing patterns signaled indecision and bearish reversal at key levels.

Harvest Finance/Tether (FARMUSDT) opened at $19.17 on 2026-01-02 12:00 ET, reaching a high of $19.92 before closing at $19.20 on 2026-01-03 12:00 ET. The 24-hour low was $19.00. Total volume was 17,728.04 and turnover reached $344,915.32.

Structure and Momentum

. The price showed a strong bullish push after 01:45 ET, breaking above $19.51–19.61, a key 5-minute resistance cluster. This was confirmed by a large bullish engulfing pattern and strong volume. However, a bearish divergence in volume occurred after 02:45 ET, coinciding with a peak in the RSI at 72, signaling potential exhaustion.

Volatility and Bands

Bollinger Bands expanded significantly during the late-night surge, with the price reaching the upper band at $19.92. This expansion indicates rising volatility, supported by increasing turnover. The contraction before 01:45 ET suggested a period of consolidation before the breakout.

Volume and Divergence

Volume spiked above 2,000 at the top of the move, but subsequent pullbacks showed declining volume despite aggressive price declines. This divergence between price and volume suggests a possible bearish bias ahead.

Key Levels and Fibonacci

The 5-minute chart shows key support at $19.12–19.15 and resistance at $19.25–19.30. Fibonacci retracement levels from the $19.00–$19.92 swing indicate 61.8% at $19.37 and 38.2% at $19.23, where price has stalled or reversed multiple times.

In the next 24 hours, price may test the $19.20–19.30 range again, with volume and RSI likely confirming or refuting further direction. Traders should remain cautious of divergences and potential volatility contractions.