Market Overview: Harvest Finance/Tether (FARMUSDT) on 2025-12-15

Summary
• Price declined from $19.21 to $19.11 amid bearish momentum and overbought RSI correction.
• Key support at $19.00 and resistance at $19.26 defined 24-hour range with mixed volume confirmation.
• Volatility expanded in morning ET with breakouts above $19.30, followed by rapid retracement into Bollinger Bands.
• MACD bearish crossover confirmed, while volume surged during the early ET breakdown.
• 50-period moving average acted as dynamic resistance in the 5-minute chart, limiting upward bias.

Harvest Finance/Tether (FARMUSDT) opened at $19.17 (12:00 ET − 1), reached a high of $19.38, and a low of $18.88, closing at $19.11 (12:00 ET). Total volume was 6,312.27, with turnover of $119,209.17 over 24 hours.

Structure and Support/Resistance

The price range from $18.88 to $19.38 was defined by key support at $19.00 and resistance at $19.26, with a temporary high of $19.38 acting as a local ceiling. A strong bearish engulfing pattern formed at $19.36–$19.21 in the early morning ET, reinforcing bearish sentiment. A doji at $19.20–$19.20 hinted at indecision.

Trend and Momentum

The 5-minute 20-period and 50-period moving averages remained above price action, confirming short-term bearish bias.

The 50-period MA acted as a dynamic resistance, capping upward moves. MACD crossed bearishly into negative territory, with bearish divergence in RSI, which peaked above 65 before correcting below 50.

Volatility and Bollinger Bands

Volatility expanded early in the morning ET as price surged above the upper Bollinger Band at $19.36, followed by a sharp contraction back into the channel. The price closed near the mid-band, suggesting potential for consolidation ahead.

Volume and Turnover

Volume spiked during the morning ET sell-off, with the 12:00–12:30 ET period contributing 1,446.83 in volume, the largest 30-minute block. Turnover correlated with volume, but price and turnover diverged slightly after 08:00 ET, as price continued to fall while turnover remained flat.

Fibonacci Retracements

A 5-minute swing from $18.88 to $19.38 saw price retrace to 61.8% ($19.14) as a potential support level, with the 38.2% retracement at $19.23 acting as a minor resistance. On the daily chart, the 61.8% retracement from the broader bull move aligns with the $19.00 level, offering near-term support.

The next 24 hours could see renewed attempts to test the $19.00 level as a critical floor, with potential for a short-term bounce if volume confirms. Investors should watch for any reversal patterns near that level and for signs of divergence in RSI, which may signal a shift in momentum.