Market Overview for Avalanche/Tether USDt (AVAXUSDT)

• Avalanche/Tether USDt (AVAXUSDT) surged over 24 hours, with a 28.24–28.97 high before consolidating.
• Strong bullish momentum persisted, supported by rising volume and RSI near overbought levels.
• Key resistance appears at 28.2–28.3, with support near 26.7–26.9 based on recent pullbacks.
• Bollinger Bands expanded with price near the upper band, signaling elevated volatility.
• Volume and turnover aligned with price highs, reinforcing strength in the recent rally.

Avalanche/Tether USDt (AVAXUSDT) opened at 25.71 on 2025-09-09 at 12:00 ET, surged to a high of 28.97 by 15:30 ET on 2025-09-10, and closed near 28.66 at 16:00 ET. Total volume reached 112,050.93, with a notional turnover of approximately $3,159,337 (calculated from volume weighted by price).

Structure & Formations

AVAXUSDT displayed strong bullish momentum throughout the 24-hour period, forming multiple higher highs and higher lows. Key resistance levels emerged at 28.2–28.3, while critical support held near 26.7–26.9. A notable bullish engulfing pattern formed at 05:45 ET (26.23–26.46), which triggered a significant upward move. A doji candle appeared at 05:15 ET (26.35), suggesting indecision after the prior surge.

Moving Averages

On the 15-minute chart, price remained above both the 20-EMA and 50-EMA for most of the session, reinforcing a bullish bias. The 20-EMA crossed above the 50-EMA at 07:30 ET, confirming a “golden cross” in short-term trend. On the daily chart, price stayed above the 50/100/200 EMAs, suggesting a continuation of the medium-term uptrend.

MACD & RSI

The MACD showed a strong positive divergence, with both the line and histogram rising sharply during the rally from 06:45 ET onward. RSI climbed above 70 during the peak rally, indicating overbought conditions, though bullish momentum remains intact. Divergences were limited, but a strong alignment between price and momentum indicators suggests continued buying pressure.

Bollinger Bands

Bollinger Bands expanded significantly during the rally, with price pushing near the upper band by 15:30 ET. A prior contraction occurred between 21:30 and 01:15 ET, followed by a breakout. Price has remained above the mid-band for most of the session, indicating a continuation of the bullish trend.

Volume & Turnover

Volume spiked during key rally points, particularly from 06:45 to 15:45 ET, confirming price action. Notional turnover mirrored volume trends, showing strong accumulation during the rally. No significant divergences were observed between price and volume, supporting the bullish narrative.

Fibonacci Retracements

Fibonacci retracements applied to the 26.86–28.97 swing showed key levels at 28.46 (61.8%), 28.29 (78.6%), and 27.85 (100%). Price tested and held above the 61.8% level, suggesting strong support. Daily retracements from prior corrections showed 26.97 (38.2%) as a near-term support target.

Backtest Hypothesis

For a potential backtesting strategy, a breakout system using the 20-EMA and Bollinger Bands could be evaluated. Entering long on a close above the 20-EMA and the upper Bollinger Band, with a stop below the 50-EMA, might capture the momentum seen during the 06:45–15:45 ET rally. This aligns with the strong MACD divergence and volume confirmation observed. Given the high volatility and positive momentum, such a system could be tested over multiple similar 24-hour windows for consistency.