---$AVNT
đš AVNT/USDT â Technical Breakdown (15m Chart) đš
Traders, letâs zoom into whatâs happening with $AVNT right now đ
We can clearly see that the price action has been consolidating inside a descending triangle formation. Notice how the trendline resistance (white line) has been pushing the price lower, while the horizontal support (blue box) is holding the base strongly.
đ Key Observations:
1ïžâŁ Every attempt to break above the trendline has been met with selling pressure (see red & green arrows). This indicates strong short-term resistance.
2ïžâŁ Price is still holding within the consolidation zone (blue box), showing accumulation.
3ïžâŁ The volume is gradually picking up, suggesting that a decisive breakout could be near.
đ Bullish Scenario:
If AVNT breaks above the descending trendline with strong volume, we may see a fast move towards 1.25 â 1.50 USDT levels. Momentum traders will be watching this breakout closely.
đ Bearish Scenario:
Failure to hold the 1.00 USDT support could trigger a retest towards 0.95 â 0.90 USDT. So risk management remains key.
⥠Traderâs Tip:
In setups like this, itâs always wise to wait for confirmation of breakout/breakdown before entering heavy positions. Patience pays in technical trading.
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