Market Overview for Avalanche/Tether (AVAXUSDT) as of 2026-01-06

Summary
• AVAXUSDT rose from $14.1 to $14.53, with strong volume-driven breakouts above key resistance.
• Bullish momentum confirmed by MACD and RSI, though signs of overbought conditions emerged in late ET hours.
• Bollinger Bands widened as volatility increased, with price closing near the upper band.
• Volume and turnover spiked in the 14:00–16:00 ET window, aligning with price highs.
• Fibonacci retracement levels suggest potential pullbacks toward $14.25–14.45 if buyers falter.

Avalanche/Tether (AVAXUSDT) opened at $14.1 on 2026-01-05 at 12:00 ET and closed at $14.53 the next day at 12:00 ET, reaching a high of $14.82 and a low of $14.08. The 24-hour trading volume was 1,343,778.01, with total turnover of $19,255,469.47.

Structure & Formations

Price action showed a clear breakout above $14.40, with a bullish engulfing pattern forming at the start of the session. A key resistance level emerged at $14.55–14.60, where price stalled on a few attempts. A doji formed at $14.60–14.63, suggesting potential indecision among buyers.

Moving Averages

On the 5-minute chart, the 20SMA crossed above the 50SMA, reinforcing the bullish bias. On the daily chart, price traded above the 50DMA and was closing in on the 200DMA, signaling potential long-term strength.

MACD & RSI

The MACD crossed above zero with positive divergence, confirming bullish momentum. RSI reached overbought territory (75–80) near the session close, suggesting a possible pullback or consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout, with price spending the last several hours near the upper band. This expansion reflects increased volatility and trader sentiment.

Volume & Turnover

Volume and turnover spiked sharply between 14:00 and 16:00 ET as price moved toward $14.80, showing strong confirmation of the bullish move. A divergence in volume was noted in the final 2 hours of the session, hinting at possible exhaustion among buyers.

Fibonacci Retracements

Recent 5-minute swings suggest a 61.8% retracement target of $14.35–14.45 if buyers re-enter. Daily retracement levels indicate potential support at $14.08 and $14.25 after the $14.82 peak.

Avalanche may test key support and resistance levels in the next 24 hours, depending on macro sentiment and order-book liquidity. Investors should watch for a pullback to $14.25–14.40 as a possible entry point, but be cautious of overbought conditions and divergences.