Summary
• Price declined from $19.46 to $18.68 amid a bearish trend.
• RSI and MACD signaled weakening momentum with oversold conditions.
• Volatility expanded as the pair broke below key Fibonacci support.
• Bollinger Bands confirmed increasing dispersion and bearish bias.
• Volume surged during the 10:30 ET break, confirming the downward shift.
24-Hour Price and Volume Summary
Harvest Finance/Tether (FARMUSDT) opened at $19.46 on 2026-01-11 at 12:00 ET and reached a high of $19.51 before closing at $18.68 on 2026-01-12 at 12:00 ET. The 24-hour low was $18.61. Total volume amounted to 14,868.138 FARM and a notional turnover of $283,207.25, showing increased selling pressure.
Structure and Trend Direction
The 24-hour OHLCV data shows a sustained bearish bias, with price forming a series of lower highs and lower lows. A key support level appears to have broken around $18.84–18.92, with the price closing below the 61.8% Fibonacci retracement of the prior 5-minute swing. A potential engulfing bearish pattern was observed around 20:30 ET as the price dropped from $19.12 to $19.07.
Momentum and Volatility Analysis
RSI dropped below the oversold threshold of 30, suggesting possible near-term stabilization, though bearish momentum remains intact. The MACD histogram turned negative and continued to diverge downward, reinforcing bearish bias. Volatility, as measured by Bollinger Bands, expanded significantly from 10:15 to 11:15 ET, as the price moved from $18.73 to $18.95 within the bands but ended near the lower band.
Volume and Turnover Behavior
Volume spiked during the 10:30 ET candle, where a large bearish move from $18.83 to $18.92 occurred, confirming the move lower. However, a divergence appeared in the final hour as price continued to fall, but volume slightly declined, suggesting potential exhaustion. The largest notional turnover ($18,670.11) occurred during this 10:30 ET candle.
Forward Outlook and Risk
Price appears to be testing a key psychological support level around $18.50. A close below that level could trigger further bearish momentum and a retest of $18.00. Investors should remain cautious as volatility remains elevated, and a reversal setup could occur if volume increases with a bullish breakout above $19.00.
Comments
No comments yet