Market Overview for Harvest Finance (FARMUSDT)

• Harvest Finance (FARMUSDT) broke out of a 24-hour range with a sharp 16% rally to $31.68, fueled by volume surges in the 8–9 AM ET window.
• Key resistance at $30.95 and $31.16 showed rejection, with price retreating to consolidate above prior 24-hour high of $30.73.
• Momentum diverged in the final 4 hours, as volume dipped despite price holding above the 20-period SMA on the 15-min chart.
• RSI overbought at 70+ for 4 hours without a reversal suggests potential for a pullback, but Bollinger Bands remain wide, indicating active trading.

Harvest Finance (FARMUSDT) opened at $29.61 on 2025-08-11 12:00 ET, surged to a high of $33.35, and closed at $30.50 on 2025-08-12 12:00 ET, with a 24-hour low of $29.00. Total volume reached 149,047.37, while notional turnover hit $4,128,327. The price action shows a volatile, bullish breakout followed by consolidation.

Structure & Formations

The 24-hour period saw a strong bullish breakout above $30.73, followed by a bearish rejection at $31.16 and $31.63. A key bullish engulfing pattern formed at 08:15–08:30 ET, but a bearish harami followed at 10:30–11:00 ET, suggesting indecision. A strong support level emerged at $30.50–$30.73 in the final 6 hours, with multiple bounces.

Moving Averages

On the 15-min chart, the 20-period SMA acted as dynamic support during the pullback from $31.68, with price holding above it for most of the day. The 50-period SMA crossed into bullish territory around 08:30 ET, supporting the initial breakout. On a daily chart, the 50/100/200-day SMAs remain neutral, with no strong bias yet.

MACD & RSI

The MACD crossed into bullish territory at 08:15 ET and remained positive until 11:45 ET, confirming the strong initial move. However, the histogram began to shrink after 11:45, indicating weakening momentum. RSI overbought at 70+ for 4 hours without a reversal suggests the move may lack follow-through.

Bollinger Bands

Volatility expanded significantly during the breakout, with price trading near the upper band from $31.00 to $31.68. Price has since pulled back to the mid-band, indicating consolidation. The narrowing of the bands in the final 3 hours suggests potential for another move, but direction remains unclear.

Volume & Turnover

Volume surged to 27,177.52 at 08:30 ET during the breakout and remained elevated for the next 90 minutes. Turnover confirmed the move, with notional volume spiking above $3 million. However, volume declined in the final 6 hours despite price holding above key support, pointing to potential divergence.

Fibonacci Retracements

Applying Fibonacci to the 08:30–11:15 ET swing from $31.63 to $30.63, the 61.8% level at $30.88 appears to be a key support area. On a daily chart, the 50% retracement of the larger move from $29.00 to $33.35 is at $31.175, which has already seen rejection.

Over the next 24 hours, FARMUSDT may test $30.88–$31.17 as support, with a potential bounce or breakdown expected. A breakdown below $30.50 could trigger a retest of the 24-hour low at $29.00. Investors should monitor volume closely to determine whether consolidation is healthy or a sign of weakening conviction.