Market Overview for Harvest Finance/Tether (FARMUSDT) – 24-Hour Summary

Summary
• Price declined from $18.54 to $18.30 over 24 hours, showing bearish momentum in late hours.
• A significant 5-minute bearish engulfing pattern emerged at 23:45 ET, indicating short-term bearish bias.
• Turnover surged during the late night hours, aligning with declining price as selling pressure increased.
• Volatility expanded from $18.54–$18.43 to $18.59–$18.05, with price settling near the lower end.
• RSI and MACD show divergence, suggesting potential for a countertrend bounce from oversold levels.

Harvest Finance/Tether (FARMUSDT) opened at $18.54 on 2025-12-15 and traded as high as $18.61 and as low as $18.05 before closing at $18.30 on 2025-12-16. Total 24-hour volume was 21,021.37 FARM, with notional turnover of $384,126.

Price Structure & Candlestick Patterns

The 24-hour chart shows a bearish bias, with a sharp decline beginning at 17:30 ET and a key bearish engulfing pattern forming at 23:45 ET. Price found a floor near $18.05 but failed to break above the $18.59 high. Support appears to have formed in the $18.20–$18.30 range, with resistance at $18.45 and $18.59.

Volume and Turnover Analysis

Volume and turnover were relatively low during the morning hours, increasing sharply after 21:00 ET. The largest 5-minute volume spike occurred at 23:15 ET with 892.266 FARM traded, as price moved from $18.47 to $18.52. However, the subsequent 5-minute candle saw a bearish reversal with a drop to $18.50, suggesting conviction waned after the rally.

Momentum and Volatility Indicators

The RSI dipped to oversold territory in the early morning hours, reaching as low as 28 by 05:00 ET, suggesting potential for a countertrend bounce. The MACD line turned negative and crossed below the signal line during the late night sell-off, confirming bearish momentum. Bollinger Bands expanded significantly during the price drop, with price settling near the lower band by 05:00 ET.

Technical Relevance and Forward Outlook

The 20-period 5-minute moving average crossed below key support levels at $18.40 during the 23:45–00:00 ET period, reinforcing the bearish trend. Fibonacci retracement levels at 61.8% ($18.36) and 78.6% ($18.28) appear to have provided temporary support.

Looking ahead, FARMUSDT may test the $18.15–$18.05 range if bearish momentum continues, but oversold RSI levels suggest a short-term bounce is possible. Investors should watch for a close above $18.40 for a potential reversal signal. As always, liquidity conditions and broader market sentiment could override these signals.

Price Action Context

A offers visual clarity into the bearish momentum.

Looking further, volume spiked significantly in the late hours, especially at 23:15 ET. The bearish reversal that followed suggests short-term selling pressure outweighed buying interest.

Market Implications

The market appears to have entered a consolidation phase after the sharp drop. could help visualize the interplay of price and momentum indicators, offering clearer insight into potential bounce levels. The RSI reaching oversold levels suggests a short-term bounce may be on the horizon, but further confirmation is needed before considering a reversal.

Investors should remain cautious, as the broader market remains bearish, and a close above $18.40 would be a necessary condition for a reversal signal.