Avantis/Tether Market Overview

• Price surged 46% in 24 hours, breaking above 1.70 and reaching 2.33
• High volume consolidation seen below 2.15 before another rally to 2.38
• RSI shows overbought conditions and MACD divergence suggests exhaustion
• Volatility expanded with Bollinger Bands widening as price approached key resistance
• Volume and turnover aligned during breakout, but divergence seen in final candle

The Avantis/Tether (AVNTUSDT) pair opened at $1.4611 on 2025-09-20 at 12:00 ET and closed at $2.3527 as of 2025-09-21 at 12:00 ET, reaching a high of $2.3825 and a low of $1.3634 in the same period. The total volume traded in this 24-hour period was 49,761,222.50, with a notional turnover of $99,150,448.27. The pair has shown a strong upward bias with increasing volatility.

Structure & Formations

The AVNTUSDT pair displayed a bullish continuation pattern with a strong breakout above key resistance around 1.70 and a test of 2.38. A notable bearish divergence appeared in the final 15-minute candle, closing at 2.3527 and showing a long upper wick, suggesting potential near-term resistance. Key support levels have formed at 1.85, 1.95, and 2.08, with 2.15 acting as a crucial area for further validation of the breakout.

Moving Averages

On the 15-minute chart, the price remained above the 20-period and 50-period moving averages, indicating a strong short-term bullish trend. On the daily chart, the 50/100/200-period moving averages are closely aligned, showing no immediate divergence and reinforcing the upward bias. A cross of the 20-period moving average above 2.25 may signal a continuation of the bullish momentum.

MACD & RSI

The MACD showed a bullish crossover and strong momentum in the early part of the 24-hour period, but the final 15-minute candle suggested potential exhaustion with a bearish divergence. The RSI hit overbought territory, peaking above 70, and remains near that level as of the close. This suggests the pair may be due for a consolidation phase or a pullback to test key support levels.

Bollinger Bands

Volatility expanded significantly during the 24-hour period, with Bollinger Bands widening and the price closing near the upper band. This expansion typically signals increased momentum but also a potential exhaustion of upward pressure. A retest of the lower band (around 1.85–1.95) would be critical to confirm whether the move higher is sustainable or if a correction is likely.

Volume & Turnover

Volume surged during the initial breakout above 1.70, confirming the bullish move, and remained elevated during the rally to 2.38. However, the final 15-minute candle showed a divergence between price and volume, with volume declining despite a sharp upward move. This may indicate that buying pressure is weakening and a short-term consolidation is likely. Notional turnover aligned with volume, suggesting strong institutional interest.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart showed support at 1.85 and 1.95, which were successfully tested and rebounded from. On the daily chart, the 38.2% and 61.8% retracement levels are at 2.08 and 2.15, respectively. A break below 2.15 may trigger a retest of the 1.85–1.95 area. A sustained move above 2.38 would indicate a potential target at 2.50 using the 161.8% extension.

Backtest Hypothesis

A backtesting strategy based on the identified bullish breakout and consolidation patterns could involve entering long positions on a confirmed close above the 2.15 Fibonacci level, with a stop loss placed below the 1.95 support. Targets for profit-taking would align with the 2.38–2.50 extension levels. This approach would be most effective in a low-volatility environment, using the 20-period moving average as a trailing stop to lock in gains. Momentum indicators like MACD and RSI would be used to confirm entries and exits.