Avantis (AVNT) is currently trading at $1.12 representing a 12.36% increase over the past day. The trading volume has also shifted upwards, registering a 3.27% rise and currently standing at $1.61 billion. This expansion indicates the presence of stable demand and the involvement of market participants.
Source: CoinMarketCap
ANTV has gained tremendously, by 281.14%, over the past week. The sharp increase in the coin highlights robust momentum and increased focus among investors, making the coin one of the outstanding achievers in the recent past.
Crypto analyst Rose Premium Signals highlighted that AVNT is developing a falling wedge on the one-hour chart. This arrangement is remarkably regarded as a sign of a bullish reversal. Price is compressing towards the wedge boundary, reflecting an indication of stable accumulation. Momentum indicators portray that the coin is about to make a decisive move.
In case of a breakout, AVNT may soar upwards. Analysts have set predicted levels at $1.5477 on the first level and $1.7387 at the second. Traders are closely observing the mentioned levels, which indicate possible resistance. Strong volume could likely encourage a breakout and validate the bullish arrangement.
Source: X
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The Relative Strength Index (RSI 14) stands at 50.80. This reading presents a balanced buyer-seller activity. The coin is neither overbought nor oversold, but it has room to move decisively. The traders consider the level as a warning of potential volatility over the next several sessions.
The MACD indicates reducing strength. The MACD line reads 0.03 with a signal line of 0.05. The histogram value stands at -0.02 which indicates weak bullish momentum. These values imply consolidation. If there is a significant increase in purchasing interest, any shift in momentum could quickly reverse the trend.
Source: TradingView
According to CoinGlass data, the trading volume decreased by 12.10% to $3.69 billion. Open interest decreased by 19.12% to $132.27 million. The OI-weighted funding rate stands at -0.0421%. These indicators indicate precaution among leverage traders. Participants in the market are modifying exposure despite the spot trading indicating escalating demand.
Source: CoinGlass
AVNT remains among the most monitored assets this month. The movement of the coin around the wedge will determine the short-term direction. Traders are closely monitoring resistance levels and volume spikes to confirm their strategies. The days ahead will give clear indicators whether AVNT will have the strength to continue its rally or it will become further consolidated.
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