Market Overview for Avantis/Tether (AVNTUSDT)

• Price surged from 1.5189 to 1.7532 during the day, followed by a partial pullback to 1.5816 at close
• Strong momentum seen in the morning session, with overbought RSI levels above 70
• Volatility expanded significantly in the early hours, with intraday range exceeding 10%
• Bollinger Bands expanded, indicating increased market participation and trend strength
• Volume spiked during breakout and breakdown phases, supporting key level actions

Avantis/Tether (AVNTUSDT) opened at 1.5189 on 2025-09-26 at 12:00 ET and reached a high of 1.7532 before closing at 1.5816 as of 12:00 ET on 2025-09-27. The pair traded between 1.5084 and 1.7827 over the 24-hour period, with total volume amounting to 93,812,357.49 and notional turnover of 146,477,782.73. The price action shows clear signs of short-term volatility and key structural shifts.

Structure & Formations

Key resistance levels emerged at 1.665, 1.6314, and 1.7532 during the day, with notable bullish and bearish candlestick patterns forming around these levels. A strong bullish engulfing pattern appeared at 1.6109–1.6446 (163000–173000 ET), followed by a bearish engulfing pattern at 1.6979–1.634 (184500–193000 ET). A doji formed at 1.6055–1.6055 (204500–210000 ET), indicating indecision and potential reversal. These patterns suggest a shift in sentiment, with bulls and bears taking turns at key levels.

Moving Averages and MACD/RSI

On the 15-minute chart, the price moved well above the 20-period and 50-period moving averages during the early afternoon, confirming a bullish bias. However, the 50-period MA crossed above the 20-period MA slightly later, signaling a potential pullback or consolidation phase. The MACD turned negative in the late afternoon, aligning with the bearish engulfing pattern and confirming a loss of momentum. RSI peaked at 74 during the morning surge, indicating overbought conditions, and dropped to 46 by close, suggesting a return toward equilibrium.

Bollinger Bands and Volatility

Volatility expanded significantly during the morning session, with the Bollinger Bands widening to capture price swings between 1.5189 and 1.7827. The price briefly touched the upper band at 1.7827, showing strong upside pressure, before retreating toward the middle band. By the close, the bands had narrowed slightly, indicating a potential slowdown in aggressive price moves. The price settled just below the upper band at 1.5816, suggesting continued bullish bias but with caution advised.

Volume and Turnover

Volume spiked during key turning points, especially at the breakout around 1.6109–1.6446 and the breakdown at 1.6979–1.634, aligning with the candlestick patterns. Notional turnover surged during these phases, confirming conviction in both bullish and bearish moves. A divergence between price and turnover appeared in the late afternoon as price dropped to 1.635 and turnover slowed, suggesting possible exhaustion of bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the morning swing (1.5189–1.7532), key levels at 38.2% (1.6839) and 61.8% (1.5996) were tested throughout the day. The price held above the 61.8% level, indicating short-term support. On the daily chart, the 61.8% retracement of the previous downtrend at 1.5895 was tested at the close, suggesting potential consolidation or a short-term bottom.

Backtest Hypothesis

A potential backtesting strategy could focus on the bullish engulfing and bearish engulfing patterns observed in the morning and afternoon sessions, combined with RSI overbought levels and key Fibonacci levels. Traders entering long on bullish engulfing patterns at the 20-period MA with RSI above 60 and closing above the 61.8% retracement level may find support for a short-term bullish thesis. Conversely, short entries on bearish engulfing patterns with RSI below 40 and closing below the 38.2% retracement could offer counter-trend opportunities. The high volume during these formations adds conviction to the strategy's execution.