$AVNT has shown strong recent upside, with price surging ~60%+ in the last week and a notable daily gain โ signaling renewed bullish momentum after earlier consolidation. This follows a breakout from a multiโweek bearish pattern and rising trading activity.
๐ Technical Signals
Breakout & Momentum: AVNT broke key resistance and climbed sharply, overcoming a declining trendline and moving above the 50โday SMA โ a classic sign of strengthening buyer control.
RSI: Approaching bullish territory near higher levels, indicating momentum gain but also potential for shortโterm consolidation if overextended.
Range Dynamics: Price has recently oscillated in a sideways to bullish channel after reclaiming losses from earlier airdrop selling pressure and a multiโmonth downtrend.
๐ Key Levels to Watch
Support Zones:
โ ~$0.34โ$0.38 โ shortโterm pivot and base of recent consolidation.
โ ~$0.29โ$0.30 โ deeper support if pullbacks deepen.
Resistance Targets:
โ ~$0.43โ$0.46 โ first major overhead zone.
โ ~$0.50+ โ breakout region that could open up extended gains.
๐ Trade Ideas
โ Trend Continuation: Enter on strength with a clean close above the ~$0.46 resistance, using rising volume to confirm continuation.
โ Pullback Buy: Look for dips toward $0.34โ$0.38 as potential support entry zones with tight risk controls.
โ Range Play: Trade within established support/resistance until a decisive breakout or breakdown confirms trend direction.
๐ Sentiment & Volatility Notes
Recent rallies are fueled by increased user activity and network traction โ but volatility remains elevated, so expect sharp swings in both directions.
Technical sentiment is mixedโtoโbullish, but neutral indicators like RSI and MACD suggest that neither sellers nor buyers have absolute dominance yet.
#AVNT #AVNTๅฐๆ็
