Market Overview for Harvest Finance/Tether (FARMUSDT) – 2025-09-18

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• Price surged from $27.6 to $29.56, forming bullish patterns and breaking above key resistance.
• Momentum picked up with RSI trending higher and volume expanding during the rally.
• Volatility spiked late, with a large bullish candle and heavy volume at 13:30 ET.
• Bollinger Bands widened, reflecting increased market participation and trend confirmation.
• A divergence in price and turnover emerged, suggesting potential for consolidation or reversal.

FARMUSDT opened at $27.6 on 2025-09-17 12:00 ET and closed at $28.90 at 12:00 ET on 2025-09-18. The pair reached a high of $29.56 and a low of $27.6. Total trading volume for the 24-hour period was 9,537.16 USDT, with a notional turnover of $267,914.20. The pair displayed strong bullish momentum, particularly in the late hours of the session.

Price action revealed a key breakout above prior resistance levels of $28.4 and $28.8, capped by a large bullish candle at $29.0 after a sharp rally from $28.78. A 15-minute doji at $28.82 early in the morning suggested indecision, but this was followed by strong volume and higher highs through the afternoon. The 20-period moving average crossed above the 50-period line, signaling a bullish crossover, while the daily 50/100/200 lines remained in a bullish alignment, supporting a continuation case.

The RSI moved from neutral to overbought territory, peaking at 68 during the $29.0 close, while MACD lines showed a positive divergence and a bullish crossover. Bollinger Bands expanded significantly after 13:00 ET, reflecting heightened volatility and increased trading intensity. Notably, the price closed above the upper band, a sign of strong momentum and potential continuation.

Key support levels include $28.6 (tested multiple times) and $28.2 (prior swing low), while resistance appears at $29.0–$29.1. Fibonacci retracement levels from the $27.6–$29.56 swing indicate 61.8% at $29.01 and 78.6% at $29.29, which could become immediate resistance. The price action and volume suggest the market is testing these levels with aggressive buying pressure, particularly in the last three hours of the session.

A backtest hypothesis would need to incorporate the 15-minute MACD and RSI signals alongside volume confirmation for short-term trading. Given the recent bullish momentum, a strategy using a 20-period EMA crossover with RSI overbought signals could have captured much of the move. However, caution is warranted due to the divergence in volume and price seen in the final hours of the session.