Market Overview for Avantis/Tether (AVNTUSDT) – 24-Hour Summary

• AVNT/USDT traded lower at 1.98–2.14, with strong selling pressure and bearish momentum below key support.
• RSI signaled overbought conditions earlier, followed by a bearish reversal and a 12% drawdown in under 6 hours.
• Bollinger Bands expanded sharply after a consolidation phase, indicating a breakout attempt that failed and triggered follow-through selling.
• On-chain volume surged during the breakdown, confirming bearish conviction with no short-covering or counter-momentum.

Avantis/Tether (AVNTUSDT) opened at 2.1427 on 2025-09-23 at 16:00 ET and closed at 1.9876 by 12:00 ET on 2025-09-24, hitting a high of 2.2306 and a low of 1.9214. Total 24-hour volume amounted to 133,368,086.59999999 units, while notional turnover reached $260,313,489.37.

Structure & Formations

The 24-hour chart displayed a bearish continuation after a failed bullish breakout from the 2.06–2.10 range. A significant bearish engulfing pattern formed at 2.13–2.14, followed by a long lower wick in the 1.99–2.02 range, indicating rejection at key support. A doji at 1.99–2.00 confirmed indecision and potential reversal, but the breakdown below 2.00 confirmed bearish bias. Support levels at 1.95–1.97 and 1.92–1.94 are now in focus, with resistance lingering near 2.04 and 2.07.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending downward, confirming bearish momentum. The 50-period MA at 2.04 and 100-period at 2.07 remain above the 200-period MA at 2.03, suggesting the downtrend is in control but not yet in strong bear territory. The price remains under all key moving averages, reinforcing a bearish bias.

MACD & RSI

The MACD line crossed below the signal line with strong negative divergence, confirming bearish momentum. RSI hit overbought conditions at 65 and dropped rapidly to 32, indicating exhaustion in the bear phase. A bearish divergence between RSI and price in the 2.02–2.04 range confirmed the breakdown and reinforced bearish expectations.

Bollinger Bands

Bollinger Bands widened significantly as the price broke down from 2.02 to 1.94, indicating increased volatility. Price has since remained within the lower band, which is currently at 1.96, suggesting strong bearish pressure. A retest of the upper band at 2.10 may be unlikely unless there is a strong bullish reversal.

Volume & Turnover

Volume surged during the breakdown from 2.02 to 1.94, with a spike of over 4.4 million units in the 2.01–2.03 range, confirming bearish conviction. Notional turnover increased in tandem, with no signs of short-covering or bear fatigue. The price action and volume suggest a high probability of continued bearish momentum into the next 24 hours.

Fibonacci Retracements

Fibonacci retracement levels applied to the 1.92–2.14 swing show key resistance at 61.8% (2.06) and 38.2% (2.00), both of which the price has tested and failed to hold. A breakdown below 1.95 would trigger a retest of the 61.8% level at 1.92, where a possible bounce could form a bullish correction. However, the likelihood of a bearish extension remains high.

Backtest Hypothesis

The backtest strategy described leverages a combination of RSI divergence and Bollinger Band breakout confirmation. A sell entry is triggered when RSI forms a bearish divergence while the price breaks the lower Bollinger Band, followed by a stop-loss placed above the recent swing high. This approach aligns with the observed price action, particularly the breakdown from 2.02 to 1.94, where RSI confirmed bearish exhaustion and price traded well below the lower band. A backtest using this setup may yield high win rates during strong downtrends, especially in markets with clear overbought levels followed by bearish breakouts.