Market Overview for Harvest Finance/Tether (FARMUSDT) on 2025-09-27

• FARMUSDT climbed from $25.65 to $26.56, posting a $0.91 gain with strong volume in late ET hours.
• A bullish engulfing pattern formed at $26.50, followed by a rising wedge on the 15-min chart.
• Relative volatility expanded as Bollinger Bands widened, with price near the +1σ channel edge.
• Volume spiked to 304.873 at the high and declined on pullbacks, suggesting strong short-term buy-side conviction.
• RSI peaked at 70 mid-day, hinting at overbought conditions but no immediate reversal sign.

24-Hour Price and Volume Action

Harvest Finance/Tether (FARMUSDT) opened at $25.67 on 2025-09-26 at 12:00 ET and closed at $26.56 on 2025-09-27 at 12:00 ET, with a high of $26.83 and a low of $25.65. Over the 24-hour window, the pair traded at an average volume of 137.68 and a total notional turnover of $3,569.46. The price trended higher throughout the late ET hours, with the most aggressive move occurring in the 15-minute candle ending at 2025-09-27 05:15 ET, which closed at $26.60 after a $0.16 increase.

Structure and Pattern Analysis

The price action on the 15-minute chart showed a bullish engulfing pattern at $26.50, followed by a rising wedge between $26.42 and $26.74, which resolved with a breakout to the upside. A doji formed at $26.50 during consolidation, indicating indecision before the rally. The price found key support at $26.30 and tested resistance at $26.55, with the latter failing to hold during a strong volume-driven advance. A Fibonacci 61.8% retracement at $26.53 appeared to act as a pivot point before the breakout.

Technical Indicators and Momentum

The 20-period and 50-period moving averages on the 15-minute chart were both bullish, with the price consistently above both. The MACD crossed into the positive territory and showed a divergence in the morning ET, suggesting accumulation. The RSI peaked at 70, indicating overbought conditions, but remained above 50, supporting a bullish bias. Volatility, as measured by Bollinger Bands, expanded significantly in the late ET hours, with price closing near the +1σ band, suggesting a possible short-term correction is due.

Volume and Turnover Insights

Volume surged to 304.873 during the morning ET rally, with a large $26.60 close candle driven by strong turnover. The volume on the consolidation phase was significantly lower, confirming the strength of the bullish move. A divergence appeared between price and turnover during the morning pullback, with volume dropping while the price remained above critical support. This suggests bulls retained control. A large volume bar at $26.30 during consolidation confirmed the support level before the breakout.

Backtest Hypothesis

A potential backtest strategy could involve using the 20-period and 50-period EMA crossover on the 15-minute chart as an entry trigger, combined with RSI above 50 to confirm bullish momentum. A stop-loss could be placed at the Fibonacci 38.2% retracement level ($26.39), with a target at the +1σ Bollinger Band ($26.74). This setup aims to capture short-term bullish momentum with risk management in place. The strategy would benefit from testing on historical data to optimize entry filters and time-based triggers.