Market Overview: Harvest Finance/Tether (FARMUSDT) – January 5, 2026

Summary
• Price formed a bearish engulfing pattern near $19.65–19.51.
• RSI declined into oversold territory, suggesting near-term exhaustion.
• Volume surged during the breakdown below $19.53, confirming bearish momentum.
• Volatility expanded, with price dropping below its 20-period moving average.
• Bollinger Bands widened as price drifted toward the lower band.

Harvest Finance/Tether (FARMUSDT) opened at $19.6 on January 4 at 12:00 ET, reached a high of $19.74, fell to a low of $19.17, and closed at $19.28 on January 5 at 12:00 ET. Total volume for the 24-hour period was 9,266.72 FARM, with a notional turnover of $177,741.12.

Structure & Formations

Price formed a bearish engulfing pattern at $19.65–19.51, followed by a breakdown below $19.53, a key short-term resistance. A long bearish candle at $19.36–19.17 confirmed weakness.

Moving Averages

FARMUSDT closed below its 20-period (5-min) moving average, signaling short-term bearish bias. Daily 50-period and 200-period lines remain neutral, as the 24-hour close shows no strong directional tilt.

MACD & RSI

RSI dipped below 30 into oversold territory, suggesting potential near-term support. MACD showed a bearish crossover with a declining histogram, aligning with the downward move.

Bollinger Bands

Volatility expanded through the session, with price hitting the lower Bollinger Band multiple times. The widening band suggests heightened uncertainty and potential for a rebound or further pullback.

Volume & Turnover

Volume spiked during the breakdown below $19.53 and again during the late ET session selloff, confirming bearish conviction. Notional turnover mirrored the volume pattern, showing no divergence.

Fibonacci Retracements

On the 5-min chart, price found initial support at the 61.8% level of the $19.17–19.74 swing. On the daily chart, the 38.2% retest of $19.45 appears to be a key short-term level for near-term buyers.

FARMUSDT may test $19.35–19.30 for support in the next 24 hours. A rebound above $19.53 could reignite short-term bearish pressure, but a break below $19.25 risks further consolidation toward $19.10. Investors should remain cautious about the prevailing bearish momentum.