Avantis/Tether Market Overview (AVNTUSDT) – 2025-11-01 12:00 ET

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• Price surged from 0.6651 to 0.7182, a 7.9% rally in the 24-hour window.
• Momentum accelerated after 02:00 ET, with a 15-minute candle hitting 0.7191 (all-time high).
• Volume spiked at 04:30 ET with ~811k contracts, confirming the breakout.
• Bullish divergence in RSI and volume suggests strong accumulation.
• Key support at 0.6900–0.6950 likely to hold in the next 24 hours.

The 24-hour price action for Avantis/Tether (AVNTUSDT) unfolded with a decisive bullish reversal. Opening at 0.6651 on 2025-10-31 12:00 ET, the pair surged to 0.7191, with a low of 0.6385 and a close of 0.6800 at 2025-11-01 12:00 ET. Total volume reached 48.4 million contracts, with a turnover of $33.3 million, marking a sharp increase from the prior 72-hour average. A series of strong-bodied bullish candles between 02:00 and 05:00 ET confirmed the breakout of key resistance levels.

The formation of a bullish engulfing pattern at the 02:00 ET candle and a takuri bullish reversal at 04:30 ET signaled strong buying interest. The price remains above the 50-period 15-minute moving average and sits just below the 200-day MA (calculated from 15-min data), suggesting a medium-term bullish bias. The 20-period EMA currently supports the price near 0.6950, with the 50-period line trailing behind.

MACD turned positive at 02:30 ET, confirming bullish momentum, while RSI rose into overbought territory (65–70) after 04:00 ET. Bollinger Bands showed a moderate expansion during the rally, with the price closing near the upper band, indicating high volatility and strong conviction in the uptrend. A Fibonacci 61.8% retracement level at 0.6945 provided a key support that held twice during pullbacks.

Volume distribution was skewed to the upside, with a peak of ~811k contracts at the 04:45 ET candle. Turnover confirmed the strength of the move, with no notable divergence observed. A key resistance appears at 0.7020–0.7050, where price may consolidate ahead of a potential test of the 0.7191 high. Traders should watch the 0.6900–0.6950 zone for any breakdown, which could trigger a pullback to 0.6800.

Backtest Hypothesis

Given the recent bullish pattern and strong RSI divergence, a backtest using the RSI-based strategy could offer insights into the sustainability of this move. Applying the RSI < 30 oversold trigger to the AVNTUSDT pair and exiting exactly five trading days later may help quantify how the market has historically responded to similar conditions. This approach could be particularly relevant in assessing whether the current rally aligns with prior cycles of accumulation and distribution.