Market Overview: Harvest Finance/Tether (FARMUSDT) on 2026-01-10

Summary
• Price action shows bearish bias after breaking below key support at $19.25.
• Volume spiked during the late-night downtrend, confirming bearish momentum.
• RSI and MACD signal oversold conditions, hinting at possible short-term bounce.
• Volatility expanded as Bollinger Bands widened, reflecting increased uncertainty.

Harvest Finance/Tether (FARMUSDT) opened at $19.30 on 2026-01-09 at 12:00 ET, reached a high of $19.49 and a low of $18.69, and closed at $19.29 at 12:00 ET on 2026-01-10. The 24-hour volume was 16,577.274, with total turnover of $318,587.81.

Structure & Formations

The price broke below $19.25 support with a bearish engulfing pattern around 19:00 ET and again formed a confirmed bear trap after a failed attempt to retest $19.49 resistance. A long-legged doji appeared near $18.87 at 03:45 ET, indicating indecision.

Moving Averages

On the 5-minute chart, the 20SMA crossed below the 50SMA in the last 6 hours, confirming a bearish bias. The daily 50/200SMA crossover remains neutral, but downward pressure is evident from recent intraday weakness.

MACD & RSI

The MACD line turned negative, with a bearish crossover during the early morning selloff. RSI hit oversold territory around 35–40 for much of the night, suggesting limited room for further downside without a near-term rebound.

Bollinger Bands

Volatility expanded significantly during the selloff, with price reaching the lower band at $18.69. The recent widening of bands reflects increased uncertainty and potential for a consolidation phase.

Volume & Turnover

Volume surged during the sharp drop from $19.15 to $18.79 in the early morning, confirming the bearish move. Turnover also spiked during this period, aligning with price action and reinforcing the strength of the sell-off.

Fibonacci Retracements

A key 61.8% retracement level of the recent $18.69–$19.49 swing is at $19.03, which held briefly before a breakdown. The 38.2% level at $19.26 failed as resistance, suggesting further bearish momentum may be in play.

FARMUSDT appears to be in a consolidation phase following the recent decline, with potential for a short-term bounce from oversold RSI levels. However, a break below $18.85 could signal a deeper test of the 2026-01-09 support at $18.69. Investors should remain cautious of extended volatility and potential for further downward momentum.