Avantis (AVNT) price has surged over 22% in the last 24 hours, extending weekly gains to 62%, driven by a technical breakout from a month-long bearish structure and heightened network activity including record trades and rising holders.
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AVNT broke above descending resistance and 50 SMA, signaling bullish reversal with RSI at 68.
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Total trades reached a weekly high of 3.77 million on Boxing Day.
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Holders increased to 109.8k, up 26k in a month; cumulative volume hit $56 billion.
Avantis AVNT price surges 62% weekly after technical breakout and network boom. Explore charts, trades, and holder growth driving this DEX token rally. Stay informed on AVNT’s bullish shift today!
What Is Driving the Avantis AVNT Price Surge?
Avantis AVNT price has experienced a significant rally, climbing more than 22% in the last 24 hours and extending weekly gains to 62%. This movement follows a decisive break from a prolonged bearish market structure that persisted for over a month. Increased network activity, including elevated trading volumes and holder growth, has further supported this upward momentum, contrasting with struggles faced by other DEX tokens like AsterDEX.
How Has the Technical Structure for Avantis AVNT Changed?
The price correction for AVNT began shortly after 24 October, amid sector-wide liquidations. However, on 19 December, AVNT breached the descending resistance line alongside the 50-day Simple Moving Average (SMA), marking a clear shift to bullish territory. This breakout coincided with a bullish RSI divergence reading of 68, indicating growing buyer momentum.
Source: TradingView
Since the breakout, AVNT has formed higher highs and higher lows. The token bounced from $0.32 on Christmas Day, staying above the 50 SMA. It now faces minor resistance near $0.40, a former accumulation zone from a month prior. A decisive move above $0.40 could target $0.60 or beyond, while a drop below the moving average might invalidate the bullish setup. Data from TradingView confirms these patterns, underscoring the structural flip on both mid-term and long-term charts.
Network metrics reinforce this technical strength. Data from Avantis Analytics shows total trades reaching a weekly high of 3.77 million on Boxing Day, with 15,272 trades already recorded that day. Cumulative volume stood at $56 billion at press time, comprising $1.2 billion daily—$900 million in longs versus $200 million in shorts.
Source: Avantis Analytics
Holder growth also signals resilience. Token Terminal data reveals the total number of holders rose to 109.8k, an increase of over 26k in about a month. Circulating supply has remained stable at around 258.2 million since early October, limiting availability. Token turnover surged 49.6% for fully diluted value and 192% for circulating supply, attracting renewed bullish interest.
Source: Token Terminal
These developments have propelled AVNT price beyond earlier projections noted by the COINOTAG team. While broader market weakness poses risks, the combination of technicals and on-chain data positions AVNT strongly among DEX tokens.
Frequently Asked Questions
Will Avantis AVNT price continue rising after breaking $0.40 resistance?
A break above $0.40 could target $0.60 or higher, supported by higher highs/lows and bullish RSI. However, staying above the 50 SMA is essential to maintain the trend, as a failure might lead to retesting lower supports around $0.32. Current network metrics bolster this outlook.
Why did Avantis AVNT see record network activity recently?
Avantis AVNT recorded 3.77 million trades—a weekly high—on Boxing Day, with $56 billion cumulative volume. Holder growth to 109.8k and stable supply of 258.2 million tokens reflect strong participation, driving price momentum amid a recovering DEX sector.
Key Takeaways
- Technical Reversal: AVNT flipped bearish structure with breakout above 50 SMA and RSI at 68.
- Network Surge: Trades hit 3.77M weekly high; volume reached $56B, favoring longs.
- Holder Expansion: 109.8k holders, up 26k monthly; monitor $0.40 resistance for next moves.
Conclusion
The Avantis AVNT price rally, marked by a 62% weekly gain and structural shift, highlights robust technicals and network growth from sources like TradingView, Avantis Analytics, and Token Terminal. As DEX competition evolves, AVNT’s metrics suggest sustained interest. Traders should watch key levels for opportunities in this dynamic market.
Source: https://en.coinotag.com/avantis-avnt-flips-bearish-structure-may-eye-0-60-amid-network-surge
