Market Overview for Avantis/Tether (AVNTUSDT) - October 29, 2025

• Price dipped from 0.7025 to 0.6323 over the past 24 hours, reflecting bearish momentum.
• High volatility and volume spikes seen during early ET hours, indicating aggressive selling pressure.
• RSI and MACD suggest oversold conditions, potentially setting up for a short-term rebound.
• Bollinger Bands show price nearing the lower band, signaling potential bounce near support.
• A bullish reversal is possible near 0.6323–0.6358, but buyers must hold above 0.65 for a broader recovery.

Avantis/Tether (AVNTUSDT) opened at 0.693 on October 28 at 12:00 ET and closed at 0.6323 on October 29 at 12:00 ET, reaching a high of 0.7025 and a low of 0.6323 during the 24-hour window. Total trading volume amounted to 9,911,334.4, with a notional turnover of $6,323,094.76. The pair has displayed strong bearish sentiment, with price breaking key support levels and forming several bearish continuation patterns, including sharp declines and lower highs.

Structure & Formations

Price action over the past 24 hours was characterized by a steep decline, breaking multiple support levels and forming bearish continuation structures. The price tested and failed at 0.6500–0.6600 multiple times, ultimately finding a bottom near 0.6323–0.6358. A key bearish engulfing pattern formed on October 28 at 19:45 ET, confirming a continuation of the downtrend. Several doji and spinning tops appeared near the lower band, suggesting exhaustion among sellers. A potential support zone appears at 0.6323–0.6358, where buyers may step in.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have both sloped downward, reinforcing the bearish bias. Price remains below both, with no signs of a crossover toward a bullish signal. On the daily chart, the 50, 100, and 200-period moving averages are aligned in a downtrend, with the price firmly below the 200SMA, indicating a medium-term bearish trend.

MACD & RSI

MACD has remained negative throughout the 24-hour period, with bearish momentum intensifying between 19:00 and 20:30 ET. RSI has dipped into oversold territory multiple times, most recently near 0.6323–0.6358, suggesting a potential short-term bounce could occur. However, the RSI has not confirmed a strong reversal, and a sustained close above 0.65 would be required to generate bullish conviction.

Bollinger Bands

Price has spent much of the 24-hour period near or at the lower Bollinger Band, indicating heightened volatility and bearish pressure. A bounce off the lower band appears likely in the near term, especially if buying interest emerges around 0.6323–0.6358. A break above the upper band would require a strong reversal and a recovery above 0.6600.

Volume & Turnover

Volume spiked significantly during the sharp decline between 19:45 and 20:30 ET, confirming the bearish breakout. Notional turnover also increased sharply during that period, aligning with price action and supporting the move lower. Divergence between price and volume is not currently present, meaning the recent selloff is backed by strong selling conviction.

Fibonacci Retracements

On the 15-minute chart, key retracement levels at 38.2% (~0.6440) and 61.8% (~0.6580) have been repeatedly tested but failed to hold. On the daily chart, a 61.8% retracement level at ~0.6900 has been rejected as well, reinforcing the bearish bias. A move above 0.6600 would test the 38.2% level, but a sustained break above 0.6900 would be necessary to signal a broader reversal.

Backtest Hypothesis

Given the current bearish momentum and oversold conditions, a potential short-term reversal is likely around 0.6323–0.6358. This aligns with a possible backtest of the Hammer pattern—a bullish reversal candlestick formation. The proposed strategy would involve entering a long position upon a confirmed Hammer pattern, with a target of 0.65 and a stop-loss just below the pattern’s low. To test this hypothesis, a backtest using 3-day holding periods could be applied to historical AVNTUSDT data or a similar ticker. If the symbol “AVNTUSDT” is not supported by the backtest system, a widely supported alternative (e.g., BTCUSDT) could be used for comparison. If you can provide a valid Hammer-pattern date or correct symbol, we can proceed with the backtest immediately.