Market Overview: FARMUSDT Faces Key Resistance Amid Rising Volatility

Summary
• Price formed bullish engulfing patterns near 18.82–19.03 and broke above 19.15 resistance.
• RSI crossed 50 and rose toward overbought territory, signaling potential momentum exhaustion.
• Bollinger Bands widened in late hours, suggesting rising volatility with price near +1σ.
• Volume spiked during 05:15–08:45 ET, with turnover rising as price pushed past key resistance.
• Fibonacci 61.8% level at 19.08 appears to act as temporary support, followed by 19.13 resistance.

Market Overview

Harvest Finance/Tether (FARMUSDT) opened at 18.89 on 2026-01-12 12:00 ET, reached a high of 19.36, and closed at 19.13 on 2026-01-13 12:00 ET, with a low of 18.65. Total volume for the 24-hour period was 10,582.82, and turnover amounted to 199,901.65.

Structure & Formations

A bullish engulfing pattern emerged around the 18.82–18.96 range, confirming a reversal after a bearish consolidation. The price then tested and broke above a key resistance at 19.03, pushing through to 19.15, which had acted as a prior resistance during earlier bearish swings. A doji formed near 19.23, suggesting short-term indecision.

Moving Averages

On the 5-minute chart, the 20-period MA (5-min) crossed above the 50-period MA around 04:15–05:15 ET, indicating bullish momentum. On the daily chart, the 50-period MA sits below the 200-period MA, suggesting a long-term bearish bias.

Momentum and Volatility Indicators

RSI crossed 50 at 05:15 ET and climbed toward overbought territory (above 60), indicating strong upward momentum. MACD crossed above the signal line during the same period and maintained a positive divergence through 09:15 ET. Bollinger Bands expanded significantly in the final hours of the 24-hour window, showing increasing volatility as price hovered near the +1σ band.

Volume and Turnover Analysis

Volume surged from 05:15 to 08:45 ET, coinciding with the price breakout above 19.15. Turnover increased in step with volume, confirming the strength of the move. A divergence appears in the early morning as price declined slightly while volume remained elevated, hinting at potential profit-taking.

Fibonacci Retracements

Applying Fibonacci to the 18.65–19.36 swing, the 61.8% level at 19.08 and 78.6% at 19.16 appear as key levels. The price has bounced off 19.08 and may test 19.16 as the next target.

Looking ahead, FARMUSDT may continue to test the 19.15–19.36 range for consolidation, with a risk of pullbacks to the 19.08 level if momentum slows. Traders should monitor RSI and MACD for divergence signs and be cautious of increased volatility during key resistance levels.