Market Overview for Avantis/Tether (AVNTUSDT) on 2025-11-12

Summary• Price dropped from 0.5321 to a 24-hour low of 0.5034 before recovering to close at 0.5252
• Momentum weakened as RSI dipped into oversold territory
• Volatility expanded sharply in early hours before stabilizing
• Volume surged to 97743.7 at 09:00 ET on the rebound
• 15-minute candles showed bearish engulfing and hanging man patterns during the decline

Market Overview

Avantis/Tether (AVNTUSDT) opened at 0.529 and reached a high of 0.5321 before declining to a low of 0.5034 over the next 24 hours. The pair closed at 0.5252 on 2025-11-12. Total volume reached 1.22M and turnover amounted to $622K during this period.

Structure & Formations

The 15-minute chart showed a bearish engulfing pattern at 18:15 ET, signaling further downside. A hanging man pattern followed at 21:00 ET, reinforcing bearish sentiment. A key support level appears to be forming near 0.5119, while resistance is at 0.5282 after a strong rebound from 09:15 ET.

Moving Averages

On the 15-minute chart, the price closed below both the 20 (0.524) and 50 (0.526) EMA lines, indicating bearish momentum. On the daily chart, the 50- and 100-period lines are converging, suggesting a potential short-term reversal may be in play.

MACD & RSI

The RSI hit oversold territory, dipping to 27 at 01:30 ET, which appears to have triggered a buying interest. The MACD histogram showed a negative divergence in the early hours, but a positive crossover occurred at 09:00 ET as the price rebounded.

Bollinger Bands

Price action reached the lower band at 00:15 ET, confirming the expansion of volatility. However, the price re-entered the middle band by 07:00 ET, suggesting short-term volatility may be subsiding.

Volume & Turnover

Volume spiked at 00:15 ET as the pair hit 0.5021, with a turnover of $105K, followed by a sharp rebound. A divergence in volume was observed during the afternoon hours, with price rising but volume declining, suggesting cautious optimism.

Fibonacci Retracements

A 38.2% retracement level of 0.5184 and a 61.8% level of 0.5245 were hit during the 15-minute bounce. On the daily chart, a 61.8% retracement level of 0.522 appears to have been tested and held during the early morning rebound.

Backtest Hypothesis

Given the recent oversold RSI conditions and Fibonacci support levels, a potential backtest strategy could be constructed using RSI (14) to identify oversold levels (RSI < 30). Traders might consider entering long positions at these levels with a 3-day exit horizon. The AVNTUSDT pair appears to have responded positively to such signals in the recent 15-minute data, especially at 01:30 and 09:00 ET. Using daily closing prices for execution would align with standard practice.