Avantis/Tether (AVNTUSDT) Market Overview: Volatile 24-Hour Session with Key Technical Levels in Focus

• Price opened at $2.3033 and declined to a 24-hour low of $1.8834 before closing at $2.1053.
• High volatility observed during the session, with a price range of ~$0.44 and multiple swing pivots.
• Volume spiked during bearish breakdowns, especially after 00:00 ET, confirming selling pressure.
• RSI moved into oversold territory at the session’s end, hinting at potential near-term buying interest.
• Price has yet to break above key resistance at $2.3248 or below key support at $2.0024.

Avantis/Tether (AVNTUSDT) opened at $2.3033 on 2025-09-21 at 12:00 ET and closed at $2.1053 on 2025-09-22 at 12:00 ET. The pair reached a high of $2.6791 and a low of $1.8834 during the 24-hour period. Total trading volume amounted to ~21.16 million, while notional turnover (amount) totaled ~135,800 AVNTUSDT, reflecting active price swings and liquidity shifts.

The price structure over the 24-hour period displayed multiple swing high and swing low formations, including a key bearish engulfing pattern at the open of the session and a potential bullish reversal at the end near the $1.8834 level. Support levels at $2.0024 and $1.9647 appear critical for short-term stability, while resistance levels at $2.129, $2.2252, and $2.3248 may act as psychological and technical ceilings for potential upward moves. A notable bearish breakdown occurred after 00:00 ET when price dropped from $2.5723 to $2.3136 within a single candle, followed by a sharp decline to the session’s low.

Volatility was pronounced throughout the session, with Bollinger Bands reflecting both contraction and expansion phases. A key contraction occurred at 07:45 ET, followed by a large expansion phase as price broke to the downside. Price spent the majority of the session below the 20-period and 50-period moving averages, confirming a bearish trend on the 15-minute chart. However, the 50-period MA has begun to approach the 20-period line from below, suggesting a potential short-term convergence that could lead to a momentum shift if bullish bias takes over.

MACD turned negative early in the session and maintained a bearish divergence with price, especially from 01:00 ET onward. RSI dipped into oversold territory near the end of the 24-hour window, with a reading below 30, which could signal an increased likelihood of a short-term bounce. This could provide a tactical entry point for traders looking to capitalize on potential short-covering or accumulation at key support levels.

Fibonacci retracements applied to the major swing high at $2.6791 and the swing low at $1.8834 reveal key levels of interest. The 38.2% retracement (~$2.26) and 61.8% retracement (~$2.43) are critical in the context of potential countertrend rallies or bearish retests. Price currently rests near the 38.2% level, suggesting that a move back above $2.3248 could trigger further buying interest, while a drop below $2.0024 may open the door for a deeper correction toward $1.9647 and beyond.

The forward-looking view for the next 24 hours suggests a key focus on the $2.0024–$2.3248 range. A break above $2.3248 could initiate a countertrend rally toward $2.43, while a breakdown below $2.0024 may signal a continuation of bearish sentiment. Investors are advised to remain cautious of volume and turnover divergence, which may indicate hidden order flow or manipulative trading behavior. Price action near the RSI oversold condition also warrants attention, as it may be a catalyst for short-term momentum shifts.

Backtest Hypothesis
The described backtest strategy focuses on RSI-based momentum reversal signals, particularly when RSI drops below 30 (oversold) and price forms a bullish reversal candle near key support levels. Given the current positioning of AVNTUSDT near the 38.2% Fibonacci retracement and with RSI near oversold levels, a backtest could be structured using a long entry upon a bullish reversal candle confirming the support at $1.8834, with a stop-loss placed below $1.85 and a target aligned with the 38.2% and 50% retracement levels. A similar short entry might be considered on a breakdown below $2.0024 with a target at $1.9647 and $1.9330. This approach would benefit from the current volatility profile and the defined support/resistance structure, offering a probabilistic edge in a high-conviction, short-term trading framework.