Market Overview for Harvest Finance/Tether (FARMUSDT)

Summary
• Price action shows a strong bearish trend, with FARMUSDT closing below 19.40 for the first time in 24 hours.
• Volatility spiked late in the session, with a sharp drop in price and rising volume below 19.20.
• A bearish engulfing pattern formed near 19.45, suggesting further downside potential in the near term.
• RSI entered oversold territory, hinting at potential short-term support or buying interest.

At 12:00 ET January 18, 2026, Harvest Finance/Tether (FARMUSDT) opened at 19.38, peaked at 19.62, and closed at 19.19 with a low of 19.09. Total volume was 13,238.65, and notional turnover reached $257,297.15 over the 24-hour window.

Structure & Formations

The price of FARMUSDT broke key support at 19.35, forming a bearish engulfing pattern around 19.45. A doji near 19.40 marked a potential short-term reversal point, but the downward momentum continued. Key support now appears at 19.15–19.20, with resistance retesting expected at 19.35 in the near term.

Volatility and Bollinger Bands

Volatility increased late in the session, with a 4.3% drop from the session high of 19.62 to the low of 19.09. Prices closed near the lower Bollinger Band, indicating a bearish signal. The band width expanded significantly, suggesting increased uncertainty ahead.

Volume and Turnover Divergence

Volume spiked during the late ET hours, especially as price moved below 19.30, with the largest single 5-minute volume at 1,375.65. Turnover also surged during this period, confirming the bearish breakdown. A divergence between volume and price is not evident, suggesting the move is conviction-driven.

MACD and RSI Signals

The MACD crossed below zero and remained negative throughout the session, reinforcing bearish momentum. RSI dipped to 30 in the final hours, signaling an oversold condition and possible short-term rebound. However, without a strong bullish reversal, this could be a false recovery.

Fibonacci Retracements

A 61.8% Fibonacci level aligned closely with 19.20–19.25, where the price found temporary support. If this level holds, a 38.2% retracement at 19.39 may offer a retest point in the next 24–48 hours.

The market appears to be in a bearish consolidation phase, with a potential pivot point forming near 19.20. Investors should watch for a breakout below this level, which could accelerate the decline. Short-term buyers may test the 19.35–19.40 range, but without a reversal in volume and momentum, the bias remains to the downside.