Key Insights:
- AVNT forms a falling wedge near $1.17, signaling a possible bullish breakout toward higher levels.
- Breakout confirmation above $1.6 may push AVNT toward $1.57, $1.77, and $1.95 in short-term moves.
- Despite a $4M airdrop sybil report, AVNT volume and momentum remain strong with upside potential.
Avantis (AVNT) was trading at $1.18 with a 24-hour trading volume of $2.1 billion. The token has gained 46% in the past 24 hours and has also moved higher over the past week. The price action has attracted attention from traders watching for the next move.
The 1-hour chart shows AVNT forming a falling wedge pattern near $1.17. This setup is often read as a bullish reversal, with price compressing before a potential breakout. If confirmed, projections point toward $1.5744, $1.7714, and $1.9555 as possible targets.
Technical Setup and Key Levels
Price candles are tightening toward the wedge’s apex, suggesting pressure is building. A move above the descending trendline would confirm the breakout and open the way toward higher levels. Holding above current support remains important for this scenario.
Rose Premium Signals noted,
“$AVNT falling wedge breakout brewing… Momentum is building. If the wedge confirms a breakout, watch for rapid moves toward T1 → $1.5477, T2 → $1.7387.”
Traders are also focused on volume as a signal of confirmation.
Community Chatter and Concerns
AVNT has been compared by some to earlier high-growth tokens. ALTORY described it as “criminally undervalued,” pointing to its design as a hyperliquid base for crypto, FX, gold, equities, and sports markets. Prof.Noan.Ai added, “Probably some consolidation then it should break $1.6.. towards $2.5.”
Concerns have surfaced around the recent airdrop. Bubblemaps reported that “one entity claimed $4M from the $AVNT airdrop. This sybil attack was coordinated, and spread across 300+ addresses.” While the report raised questions, price action has continued to show strength.
AVNT is consolidating near $1.17–$1.18 as traders prepare for a potential breakout. A confirmed move above $1.6 would align with projections pointing toward $2.5. Heavy trading volume and a bullish chart pattern add to the momentum narrative.
With Base promoting its role in building a global economy on the Ethereum Superchain, AVNT’s technical setup places it at a possible turning point. Market watchers remain focused on whether the breakout confirms in the coming sessions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |