Market Overview for Harvest Finance/Tether (FARMUSDT): 2025-10-23

• FARMUSDT closed at $21.93 after opening at $21.79, with a 24-hour high of $22.24 and a low of $21.13.
• Price surged from a morning consolidation to a late-night bullish breakout, forming a bullish trend channel.
• RSI and MACD showed growing momentum, with RSI hitting 55 and MACD turning positive near the session high.
• Volume remained moderate, but late-session volume spikes confirmed the final push toward the high.
• Price tested and held above a 61.8% Fibonacci level, suggesting short-term support resilience.

Harvest Finance/Tether (FARMUSDT) opened at $21.79 on 2025-10-22 12:00 ET and closed at $21.93 by 2025-10-23 12:00 ET. The 24-hour trading range extended from a low of $21.13 to a high of $22.24. Total trading volume was 8,949.10, with a notional turnover of approximately $192,146. The price displayed a strong bullish bias over the past day, particularly in the late evening and overnight session.

The structure of the 15-minute OHLCV data revealed a key support level forming around the 61.8% Fibonacci retracement of the morning drop, which held during the afternoon and evening. Price then began a steady ascent, forming bullish engulfing patterns after 02:00 ET and confirming a breakout above prior resistance levels. A key resistance area had previously existed near $22.00, but FARMUSDT surged past this to reach $22.24 by late morning. The pattern formation and breakout suggest a continuation of the bullish trend in the near term, assuming no major reversals occur.

MACD flipped to positive territory after 03:00 ET, signaling increasing bullish momentum, and RSI crossed above 50, aligning with the price trend. A moderate but growing divergence was observed between volume and price during the morning consolidation, but volume picked up significantly in the late-night and early-morning hours, confirming the breakout. Price remained within the upper half of the Bollinger Bands for most of the session, indicating elevated volatility and a high probability of continuation rather than reversal.

FARMUSDT showed signs of a potential short-term bullish continuation, supported by strong volume in the final hours of the session and key Fibonacci levels providing structural support. While the 20-period EMA and 50-period EMA both crossed above the price during the breakout, the daily 50-period EMA also started to trend higher, adding to the bullish case. Investors may consider using the $22.20–22.24 zone as a watch area for potential pullbacks before entering long positions.