Market Overview: Aave/Tether (AAVEUSDT) 24-Hour Movement and Key Levels

Summary
• AAVEUSDT forms key support near $166.96 and resistance at $173.21, with mixed bearish and bullish 5-min patterns.
• Momentum slowed in the final 12 hours, with RSI nearing oversold and MACD showing bearish divergence.
• Volatility expanded after $175, but recent 5-hour pullback saw volume confirm bearish pressure below $172.

Aave/Tether (AAVEUSDT) opened at $170.13 on 2026-01-06 12:00 ET, reached a high of $176.79, a low of $166.55, and closed at $166.96 as of 2026-01-07 12:00 ET. Total volume across the 24-hour window was 23,459.69, with a notional turnover of $4.14 million.

Structure & Formations

Price found initial resistance between $175 and $176.79 before rolling into a sharp bearish reversal. A notable bearish engulfing pattern formed at $176.21, confirming a shift in sentiment. Key support at $166.96 held during a final 5-minute period, signaling potential consolidation ahead.

Moving Averages

On the 5-min chart, price closed below the 20-period and 50-period MA, reinforcing bearish bias. Daily MAs were not directly calculated from this dataset, but the recent swing suggests a potential retest of the 200-day MA at $167–$168.

MACD & RSI

RSI moved into oversold territory in the final 3 hours, hinting at short-term buying interest, though momentum remains weak. The MACD showed bearish divergence in the last 6 hours, with the histogram shrinking as price fell, suggesting potential for a near-term bounce.

Bollinger Bands

Volatility expanded during the $175–$176.79 rally, with price reaching the upper band. The subsequent pullback saw AAVEUSDT fall to the lower band at $166.96, indicating a likely range-bound period may follow if key support holds.

Volume & Turnover

Volume spiked during the rally above $175, peaking at 982.65 as price hit $172.88. However, the recent bearish move saw declining volume, with the 5-hour stretch from 09:00 to 14:00 ET showing a drop in turnover despite sharp price action, hinting at reduced conviction.

Fibonacci Retracements

The key $175–$166.96 swing suggests a 61.8% retracement at $170.50, which appears to be a short-term inflection point. The 38.2% level at $169.70 may offer near-term support before a potential retest of $166.96.

Aave/Tether may test $170.50–$171.50 in the next 24 hours if short-term buyers step in. However, sustained pressure below $169 could push price toward $167.50–$166.50, with a risk of breaking below key support. Investors should monitor volume and RSI for signs of reversal.