Market Overview for Harvest Finance (FARMUSDT)

• FARMUSDT closed near session low, with bearish momentum and oversold RSI.
• Volume surged during midday sell-off, confirming bearish bias.
• Bollinger contraction followed by expansion suggests heightened volatility.
• Key support near $28.40 and resistance near $28.90 defined 24-hour range.

Harvest Finance (FARMUSDT) opened at $28.94 on 2025-08-25 12:00 ET and traded between $28.40 and $29.15 over the next 24 hours, closing at $28.94 at 12:00 ET on 2025-08-26. Total volume amounted to ~18,000 coins, with notional turnover of ~$500,000.

Structure & Formations

Price formed a broad trading range between key support at $28.40 and resistance near $28.90. A bearish engulfing pattern appeared around 20:15–20:30 ET as FARMUSDT dropped from $28.60 to $28.29. This was followed by a long-legged doji near $28.14, signaling indecision and potential exhaustion in the downward move. A bullish hammer emerged near the daily close, suggesting possible short-term support near $28.90.

Moving Averages

Short-term moving averages (20/50-period) on the 15-minute chart showed FARMUSDT closing slightly above the 20-period MA but below the 50-period MA, indicating a mixed near-term outlook. Daily moving averages (50/100/200) show the price remains below all three, suggesting the bearish trend remains intact.

MACD & RSI

The 15-minute MACD line crossed below the signal line during the midday sell-off, confirming bearish momentum. The RSI reached oversold territory (around 30) during the low at $28.40, suggesting a potential bounce. However, a bearish divergence between price and RSI during the post-noon sell-off implies caution.

Bollinger Bands

Bollinger Bands showed a moderate contraction around 03:00–05:00 ET, followed by a widening as volatility picked up. Price closed near the middle band, indicating a continuation of the range-bound action. The 28.40–29.15 range appears to be the current volatility envelope.

Volume & Turnover

Volume surged during the 20:00–20:30 ET sell-off, coinciding with the largest price drop of the session. Turnover spiked to ~$30,000 in that 30-minute window, suggesting strong bearish conviction. Later, volume dropped significantly, with price consolidating near the session low, indicating reduced selling pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 20:00–22:00 ET swing, the $28.65 level aligns with the 23.6% retracement, and $28.40 is near the 38.2% level. A breakdown below $28.40 could see the next support at $28.25, or the 50% retracement of the recent bullish bounce.

The near-term outlook appears bearish as FARMUSDT consolidates near key support. A break below $28.40 could open the door for a test of $28.25, while a reversal above $28.90 may signal a short-term bounce. Investors should watch for a confirmation breakout or breakdown over the next 24 hours, while managing risk due to the volatile nature of the pair.