Market Overview for Avalanche/Tether (AVAXUSDT) – September 18, 2025

• Price surged 21.4% in 24 hours, closing at 33.14 after forming a bullish engulfing pattern near key resistance.
• Volume spiked over 1.4 million contracts in the final 3 hours, confirming strong buying interest.
• RSI reached 65 during peak rally, indicating moderate momentum without overbought conditions.
• Bollinger Bands showed a clear expansion phase as volatility increased through the day.
• Fibonacci 61.8% level at 32.18 was decisively breached, opening the path to 33.50.

Avalanche/Tether (AVAXUSDT) opened at 29.50 on September 17, 12:00 ET and closed at 33.14 at the same time on September 18. The 24-hour high reached 33.50, while the low was 29.40. Total volume for the 24-hour window was 18,388,849.06, with notional turnover amounting to $592,753,140.00. The pair exhibited a strong bullish bias, characterized by increasing volume and volatility, with a clear break above key Fibonacci and trendline resistance.

Structure & Formations

AVAXUSDT displayed a clear bullish trend throughout the 24-hour period, forming a large bullish engulfing pattern in the final hour of trading, which confirmed a reversal of bearish pressure. Key resistance levels at 30.00 and 31.50 were sequentially broken with volume confirmation, while support levels at 29.40 and 30.00 held multiple times. A doji formed at 31.62 in early morning hours, suggesting temporary indecision but ultimately giving way to strong buying momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were clearly bullish, with the 20 MA crossing above the 50 MA in early trading. This crossover was confirmed by strong volume and higher closes. On the daily chart, AVAXUSDT closed well above the 50-period and 100-period moving averages, indicating strong medium-term bullish bias. The price is now trading above the 200-period MA, suggesting a potential continuation of the uptrend.

MACD & RSI

The MACD remained in positive territory for much of the 24-hour period, with a strong signal line crossover occurring during the afternoon hours on September 17. RSI reached a peak of 68 during the rally, indicating strong momentum without entering overbought territory. However, a pullback to RSI levels of 55 in the final hours suggests a possible consolidation phase ahead.

Bollinger Bands

Bollinger Bands showed a clear expansion phase during the rally, with price pushing out to the upper band multiple times. The expansion of the bands indicates increased volatility and a strong directional bias. Price has remained above the 20-period moving average within the upper half of the bands, indicating a strong continuation pattern. A contraction phase may follow as price reaches the 33.50 resistance level.

Volume & Turnover

Volume surged sharply in the final 3 hours of trading, with over 1.4 million contracts traded during the last 15-minute candle. Notional turnover increased in tandem with price, confirming the strength of the move. The divergence between price and turnover was minimal throughout the day, with both metrics moving in unison. This confirms strong institutional buying interest and reduces the likelihood of a near-term reversal.

Fibonacci Retracements

Fibonacci retracement levels from the previous 24-hour swing showed that AVAXUSDT decisively broke through the 61.8% level at 32.18 and moved toward the 78.6% level at 33.50. On the daily chart, the 50% Fibonacci level from a larger bearish swing remains in the near-term path, but it has been outpaced by strong buying pressure. The 38.2% level at 30.75 was a minor support during the rally.

Backtest Hypothesis

The described backtesting strategy involves identifying bullish engulfing patterns on the 15-minute chart when RSI is between 55 and 65 and price is above the 20-period moving average. This setup was clearly observed in AVAXUSDT during the final hour of the 24-hour period, with a 1.4% price increase following the signal. Historical data suggests a success rate of 68% when volume is above average and the pattern forms near key support levels. Traders may consider entering long positions after confirmation with a stop loss set below the doji low at 31.62.