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

• Price surged 12.1% on 15-minute candles, with a bearish reversal forming near $2.2477
• Volatility expanded as Bollinger Bands widened, while RSI entered overbought territory
• Volume and turnover surged during the bullish push, but divergence may hint at exhaustion
• Key support levels identified at 2.1276 and 2.1952; resistance near 2.2664 and 2.0951

Avantis/Tether (AVNTUSDT) opened at $1.9103 on 2025-09-22 12:00 ET and closed at $2.1948 on 2025-09-23 12:00 ET, reaching a high of $2.2664 and a low of $1.8369. Total 15-minute volume was 102,451,321.5 units with a notional turnover of $214,473,114.60.

Structure & Formations

Price action displayed a strong bullish impulse from ~$1.90 to ~$2.26, with a sharp pullback forming a potential bearish reversal pattern near $2.2477 (a high of the session). A large bullish engulfing pattern emerged during the early morning hours, while a doji near $2.24 confirmed internal indecision. Key support levels are forming around 2.1276 and 2.1952, with resistance near 2.2664 and 2.0951.

Moving Averages

On the 15-minute chart, price outperformed the 20- and 50-period SMAs, suggesting continuation bias. However, the 50-period line started to catch up, hinting at potential consolidation. On the daily chart, the 50-period SMA at ~$2.04 and 200-period SMA at ~$1.96 suggest a long-term bullish bias.

MACD & RSI

The MACD crossed above the signal line mid-session, confirming bullish momentum. However, RSI entered overbought territory (above 70), signaling potential exhaustion. A bearish divergence may be forming if price retreats below 2.23 while RSI remains elevated.

Bollinger Bands

Volatility expanded sharply during the bullish phase, with price reaching the upper band at ~$2.2664. A contraction phase followed, forming a potential consolidation pattern. Price remains above the midline, suggesting a continuation could follow a retest of the lower band (~$2.09–$2.14).

Volume & Turnover

Volume spiked during the early morning bullish phase, with the 15-minute candle at $2.1672 showing the highest volume of 3.5M units. Notional turnover aligned with volume, confirming the move’s legitimacy. However, volume began to wane near $2.2664, raising questions about the sustainability of the rally.

Fibonacci Retracements

Recent 15-minute swings suggest key levels at 61.8% (~$2.14) and 38.2% (~$2.19). The daily swing from $1.8369 to $2.2664 shows critical retracement levels at 38.2% (~$1.99) and 61.8% (~$2.08). These levels could dictate near-term price direction.

Backtest Hypothesis

The backtest strategy involves entering longs on a bullish engulfing pattern forming above the 50-period SMA, with a stop loss placed below the most recent swing low. Targets are based on Fibonacci extensions and key resistance levels, such as 2.2664 and 2.0951. During the current session, a valid entry was formed around 2.0122, with a stop below 1.9644 and a target at 2.0702. This setup was triggered during the early morning hours and held until a bearish divergence began to form. The strategy would benefit from tighter volume confirmation and a RSI divergence filter to avoid false signals.