Market Overview for Harvest Finance/Tether

Summary
• Price tested key resistance at 19.67–19.75 before retreating.
• Momentum shifted late afternoon with a 6.5% reversal in 6 hours.
• Volume surged at 01:00–03:00 ET, confirming a bullish breakout attempt.
• RSI entered oversold territory after 05:00 ET, suggesting near-term rebound potential.
• Bollinger Band contraction early morning hinted at pending volatility.

FARMUSDT opened at 19.48 on 2025-12-13 and reached a high of 19.75 before closing at 19.29 on 2025-12-14. The pair traded between 19.21 and 19.75, with total volume of 2,645.104 FARM and turnover of $50,355. Price surged past 19.67 early, but failed to hold the level, suggesting it may remain a key resistance for the near term.

Structure and Candlestick Formations

Price approached 19.75 with a bullish engulfing pattern at 02:45 ET, followed by a bearish reversal at 03:15 ET. A doji formed near 19.63–19.65, signaling indecision. Key support appears to be forming at 19.21–19.27, with a potential test expected in the next 24 hours.

Moving Averages and Momentum

On the 5-minute chart, the 20SMA crossed above 50SMA briefly at 01:00–03:00 ET, suggesting short-term bullish momentum. However, the 50EMA has since pulled back below 20EMA, indicating potential bearish pressure. On the daily chart, the 50DMA appears to be holding above 200DMA, suggesting intermediate-term strength may remain.

Volatility and Bollinger Bands

A narrow Bollinger Band contraction occurred at 00:15–01:00 ET, followed by a sharp expansion. Price tested the upper band at 19.74 and fell to the lower band near 19.21–19.27. This suggests volatility may persist for the next 24–48 hours as the market retests these levels.

Volume and Turnover Dynamics

Volume spiked from 01:00–03:00 ET with a 383.245 FARM candle at 01:00 ET, the largest of the period. Turnover also rose sharply during this window, confirming the price move. Later in the day, volume dropped below 30 FARM per candle, indicating waning interest after the failed breakout.

Fibonacci and Key Levels

A 5-minute swing from 19.43 to 19.75 shows 61.8% retracement near 19.57–19.59, which held as a short-term pivot. On the daily chart, a retracement from the 19.21 low to the previous high near 19.64 may target 19.44–19.50 as a potential support range.

Price could retest 19.63–19.67 in the next 24 hours, but bears may attempt to push it below 19.27. Investors should watch for a bullish breakout confirmation or a breakdown of key support levels as signs of broader market sentiment.