Market Overview for Avalanche/Tether (AVAXUSDT) on 2026-01-01

Summary
• AVAXUSDT closed above key support at $12.31 after a consolidation phase.
• Momentum shows mixed signals with RSI hovering near neutral territory.
• Bollinger Band contraction indicates a potential breakout ahead.
• Volume spikes in late ET hours suggest increased interest.
• Fibonacci levels hint at possible resistance at $12.43–$12.48.

Avalanche/Tether (AVAXUSDT) opened at $12.41 (12:00 ET-1), reached a high of $12.57, tested a low of $12.23, and closed at $12.57 (12:00 ET). The 24-hour volume totaled 1,050,102.19 AVAX, with $13,051,623.14 in notional turnover.

Structure & Formations

Price action showed a bearish breakdown attempt between 19:00–20:15 ET, with a low at $12.23 before a bullish reversal started. A 5-minute bullish engulfing pattern emerged around 14:00–15:00 ET, suggesting potential continuation. A doji appeared at 05:30 ET during the consolidation phase, signaling indecision.

Moving Averages

On the 5-minute chart, the 20-period MA trended upward post 15:00 ET, confirming short-term bullish momentum. Daily 200-period MA is near $12.30, suggesting a key support level.

MACD & RSI

MACD crossed above zero in late ET hours, signaling renewed bullish momentum. RSI fluctuated between 50–65, indicating a balanced market with no overbought or oversold conditions.

Bollinger Bands

Volatility increased after 15:00 ET, with the upper band reaching $12.56. Price closed near the upper band, suggesting a possible continuation of the recent bullish trend.

Volume & Turnover

Volume surged significantly in the last three hours of the period, especially between 16:00–17:00 ET. Turnover spiked alongside price action, supporting the bullish bias.

Fibonacci Retracements

Key Fibonacci levels (61.8%) align with $12.43–$12.48 as potential resistance. A break above $12.48 could open the path toward $12.55–$12.60.

Market momentum appears to favor a short-term bullish bias, with price consolidating above critical support. Traders may watch for a break above $12.48 for further upside potential, though a retest of $12.31–$12.34 could pose a near-term risk.