Summary
• Price broke below key support at $17.60, confirming bearish momentum.
• Volume surged during the initial selloff but faded, suggesting waning short-term pressure.
• RSI remains oversold, hinting at potential near-term bounce.
Harvest Finance/Tether (FARMUSDT) opened at $17.79 on 2025-12-17 at 12:00 ET, reached a high of $18.16, a low of $17.31, and closed at $17.32 on 2025-12-18 at 12:00 ET. Total volume was 12,586.11, and notional turnover was approximately $216,120.
Structure & Formations
Price formed a bearish engulfing pattern around $17.85 and tested a critical support level at $17.60, which was decisively breached. A potential short-term support zone may develop near $17.30–$17.40, where price found some buying interest during the last several hours.
Moving Averages
On the 5-minute chart, price has remained below the 20- and 50-period moving averages, reinforcing the downtrend. Daily moving averages, such as the 50 and 200, are not immediately apparent in the 5-minute dataset but would need to be referenced for confirmation.
MACD & RSI
MACD has remained bearish with a negative histogram, while RSI has been in oversold territory near 28–30, indicating a possible near-term bounce or consolidation. However, RSI divergence is absent, limiting the case for a reversal.
Bollinger Bands
Volatility expanded through the session, with price frequently touching the lower Bollinger Band, especially in the early part of the 24-hour window. This indicates a high degree of bearish pressure and potential exhaustion.
Volume & Turnover
Volume peaked during the initial break below $17.60, with a large 5-minute candle showing 780.806 volume. However, volume tapered off during the final leg of the decline, signaling reduced conviction in the move lower. Turnover confirmed the volume trend, with strong participation at key inflection points.
Fibonacci Retracements
A key swing low from the $17.30 level suggests that a test of the 38.2% retracement at $17.68 could offer initial resistance. The 61.8% level sits near $17.92, but it is unlikely to be reached without a strong reversal catalyst.
FARMUSDT appears to be settling into a lower volatility range following a sharp correction. While the immediate bias remains bearish, a short-term bounce from $17.30–$17.40 could develop. Investors should monitor for a break above $17.60 as a sign of renewed bullish momentum, but bear in mind that downside risks persist if key support levels continue to hold.
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