Market Overview: Avalanche/Tether (AVAXUSDT) 24-Hour Technical Summary

Summary
• Price tested and broke above a key resistance at $13.70 before consolidating near $14.60.
• Strong volume and turnover confirmed the late-day breakout with momentum favoring higher.
• RSI approached overbought territory while MACD turned sharply bullish after a prolonged bearish phase.
• Bollinger Bands expanded significantly, signaling increased volatility and potential for continuation.
• Fibonacci retracements indicated a potential target near $14.38 after a strong 5-minute leg up.

Avalanche/Tether (AVAXUSDT) opened at $13.70 on 2025-12-08 12:00 ET, reached a high of $14.68, touched a low of $13.48, and closed at $14.60 by 12:00 ET on 2025-12-09. Total traded volume was 2,342,182.65 AVAX, with turnover of $33,098,506.

Structure & Key Levels

Price moved through multiple support and resistance levels during the 24-hour window, with $13.70 acting as a psychological threshold. A strong bullish engulfing pattern emerged near 16:30 ET as AVAXUSDT broke above $14.42, confirming a reversal in near-term sentiment. A doji appeared briefly around $14.60, suggesting short-term indecision. Critical support levels identified include $14.42, $14.33, and $14.20, while key resistances are now at $14.68 and $14.75 based on the most recent swing.

Volatility and Momentum Indicators

Bollinger Bands showed a marked expansion during the late trading hours, indicating a surge in volatility. RSI climbed from below 40 to over 70 during the last two hours, suggesting overbought conditions could pressure near-term buyers. MACD turned bullish, crossing above the signal line and forming a clear buy signal as bullish momentum accelerated.

Volume and Turnover Dynamics

Volume surged sharply during the breakout at 16:15–17:00 ET, with the largest 5-minute turnover occurring at $14.13 and $14.38. The highest volume candle (232,717 AVAX) coincided with the most aggressive price move from $14.13 to $14.38. Price and volume action were in strong alignment, confirming the strength of the upward thrust.

Fibonacci and Projected Targets

Applying Fibonacci retracement levels to the key 5-minute move from $14.13 to $14.68, the 61.8% level sits at $14.52, just below the close. The 78.6% level is at $14.64, and the next potential target for the 5-minute chart is $14.68–$14.75. Daily Fibonacci levels from the previous month’s swing suggest a larger target near $14.90.

Avalanche/Tether appears to be in a strong short-term upswing supported by both volume and technical momentum. However, traders should remain cautious as overbought RSI levels and a consolidation phase could lead to near-term profit-taking or a pullback. The next 24 hours could see a test of $14.68 and possibly a continuation of the bullish trend, but volatility remains elevated, and a sharp correction may occur if key support levels are violated.