Key Insights
- •AVNT doubled from $0.44 with strong Binance demand and key breakout patterns confirming strength.
- •Cup and handle breakout, volume spike, and RSI over 87 suggest strong short-term buying pressure.
- •Broader crypto momentum and Q4 liquidity flow support the case for AVNT’s next leg higher.
AVNT/USDT has reached its first major price target at $0.8739, following a strong reversal from its recent downtrend. The move came after a clean bounce from a demand zone, with buyers stepping in at a previously tested support area.
The price pattern showed a falling wedge, followed by a cup and handle formation — both commonly watched in technical trading. The breakout from these patterns was supported by daily candles closing higher for several sessions, pointing to steady upward momentum.
Buying Pressure Grows as Binance Leads the Move
During the rally, AVNT hit a high of $1.0099 on Binance. On Bybit, the price topped out closer to $0.88, showing a difference in demand between exchanges. This move was followed by high-volume spikes and a sharp rise in short-term price action.
Market watcher Solvix noted that “Binance seems to be actively buying,” though this has not been confirmed. Still, the large green candles on the 15-minute chart suggest quick and aggressive buying, especially from that platform.
The RSI reading on the short-term chart rose above 87, which may suggest overbought conditions. However, in strong trends, prices can stay in this range for extended periods without an immediate pullback.
AVNT Doubles From $0.44 Low in Less Than a Month
AVNT’s price has more than doubled from a low near $0.44, seen earlier this month. In the last seven days alone, the token has gained close to 63%, with volume passing $284 million in the last 24 hours.
The move places AVNT among the more active DeFi tokens during this phase of the market. Its trading structure and momentum suggest that it is currently on many traders’ watchlists, especially in the derivatives space.
Market Conditions Create a Supportive Backdrop
AVNT’s rally comes during a time when market conditions are improving. Bitcoin and Ethereum have seen strong inflows, and broader financial markets are also climbing. The S&P 500 just hit a new all-time high, which has lifted sentiment across risk assets.
Traders are watching perpetual DEX tokens closely. Aster, another Binance-backed token in the same category, also moved higher this week. As liquidity rotates back into the market, smaller-cap tokens like AVNT are showing signs of strong interest.
With the first target now reached, focus shifts to the next level at $1.1849. Traders will be watching price reactions closely to see if momentum can carry through.