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Summary
• Price formed key resistance at $172.45 and support at $169.66, with a bullish breakout attempt seen.
• Momentum accelerated midday, with RSI showing overbought conditions toward the daily close.
• Volatility expanded through Bollinger Band breaches, with volume confirming the upward thrust.
• A bullish engulfing pattern emerged near $171.65, indicating potential follow-through buying.
• Turnover spiked to $822,812.62 at 13:45 ET, coinciding with a strong upward reversal from consolidation.
Aave/Tether (AAVEUSDT) opened at $165.73 on 2026-01-12 12:00 ET, peaked at $174.20, and closed at $173.14 as of 2026-01-13 12:00 ET, with support forming around $169.66. Total volume reached 48,289.19 and turnover hit $8.23 million over the 24-hour window.
Structure & Key Levels
Price action showed strong consolidation between $169.66 and $172.45, with a decisive bullish breakout attempt forming at 14:30 ET. Resistance appeared at $172.85, while support was reinforced at $169.66. A bullish engulfing pattern emerged at $171.65, signaling possible follow-through buying into the upper Bollinger Band. A key 50-period MA on the 5-minute chart crossed above the 20-period MA, indicating potential bullish momentum.
Momentum and Indicators
RSI reached overbought territory above 70 in the final hours, aligning with a surge in volume and turnover. MACD showed a positive crossover around 16:15 ET, with histogram bars expanding, suggesting strengthening upward momentum. Volatility, as measured by Bollinger Band width, expanded midday, with price briefly closing above the upper band at 14:30 ET.
Volume and Turnover
Volume surged above 4,000 at 13:45 ET, with a notional turnover spike of $822,812.62 confirming a sharp reversal from consolidation. A divergence in volume and price was observed around 15:30 ET, where price rose but volume declined. This may suggest a potential pause or pullback ahead.
Pattern and Fibonacci Implications

Aave/Tether appears to be in a strong short-term bullish phase, with momentum indicators and volume confirming the move higher. However, a test of $174.20 may trigger profit-taking or a pullback. Investors should closely monitor volume for confirmation and be cautious of potential overbought conditions.
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