Avantis (AVNT) has recently become a focal point in the cryptocurrency market. Data shows that as of press time, AVNT has increased approximately 24.31% in the past 24 hours, with a total gain of 34.18% over the past 7 days, significantly outperforming the market. Meanwhile, Coinalyze data indicates that the open interest of AVNT perpetual contracts surged by 74% in a single day, suggesting that speculative sentiment in the derivatives market is rapidly heating up.
It is worth noting that despite the strong price rebound, the funding rate for AVNT perpetual contracts remains in negative territory, indicating that the contract price is below the spot price, and longs need to pay shorts. This structure often reflects excessive short positions. If the price continues to rise, it could easily trigger a short squeeze, further pushing the price higher in the short term. Therefore, the market is beginning to discuss whether AVNT has the opportunity to quickly approach or even test the $0.40 level.
From a trend perspective, AVNT previously surged to a historical high of $2.64 during its initial launch, then entered a long-term decline channel. The overall market sell-off in October has intensified the downward trend, with AVNT retracing about 87% from its high. However, the latest daily chart shows that the price has broken through the previous downtrend high of $0.334, initially indicating a bullish trend reversal.
Trading volume and capital flow also send positive signals. CoinMarketCap data shows that AVNT’s daily trading volume once expanded by over 260%, and the Chaikin Money Flow (CMF) indicator rose to +0.22, indicating a significant influx of new funds. Additionally, the momentum indicator Awesome Oscillator is approaching a golden cross, further strengthening the technical basis for a short-term rebound.
In terms of liquidity distribution, the $0.384 to $0.40 range has accumulated a large number of liquidation positions, suggesting that the price may be “attracted” to test this zone. However, after liquidity is released, short-term correction risks should not be overlooked. Technical analysis shows that CMF and price are slightly diverging, implying that a pullback is building.
In the short term, imbalance zones around $0.333 and $0.30 could become key support areas after a correction. If the bullish structure remains intact, the potential targets above are still $0.38 and $0.48. Conversely, if the price falls below $0.28, it indicates that AVNT may need a longer period of sideways consolidation before preparing for the next upward move.
Overall, in the context of surging open interest and negative funding rates, Avantis’s price trend is in a highly sensitive stage, and short-term volatility could be significantly amplified.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
HYPE Eyes $48 Rally as Price Hits Critical Point
HYPE rises above $36.50 resistance, showing potential for a 30% rally toward $48.
Trading volume and TVL growth indicate strong market participation and investor confidence.
Top holders reduce positions, signaling possible short-term price corrections despite bullish
CryptoNewsLand3m ago
Ethereum Price Breaks Through $2300, BitMine Increases Holdings and Staking ETF Boost ETH Price Surge
Ethereum (ETH) price broke through $2,300, surging over 10% and reaching a six-week high, with significant institutional buying pressure. U.S. spot Ethereum ETF inflows hit record highs, with active corporate purchases—BitMine acquired nearly 61,000 ETH. Analysts predict ETH has potential for further gains. The overall market recovery is primarily driven by inflows from institutional and corporate capital.
GateNews16m ago
Bitcoin Surpasses $75,000: Short Liquidations Exceed $330 Million, Continuous ETF Inflows Drive Market Rally
Bitcoin's price broke through $75,000 on March 17, hitting a six-week high, accompanied by large-scale short position liquidations. Crypto market liquidations in the past 24 hours approached $498 million, with mainstream altcoins also performing strongly. Spot Bitcoin ETFs have attracted significant institutional capital inflows, boosting market confidence. Technical analysis shows Bitcoin has further upside potential, with resistance at $79,000 and support at $72,000.
GateNews46m ago
Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure
Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.
区块客1h ago
NVIDIA Stock Weakens After Major GTC Announcements: Why AI Chips and Trillion-Dollar Expectations Failed to Boost the Market?
Despite NVIDIA unveiling major AI and gaming technologies at the GTC conference, its stock price was unable to continue rising. Analysts believe this is due to market profit-taking following positive news. At the same time, investors are paying close attention to the actual profitability of AI investments and the sustainability of cloud computing expenditures, leading to cautious stock price movements. NVIDIA's industry leadership remains unchanged, but the market is now more cautious about the alignment between valuation and growth.
GateNews1h ago
Bitcoin Breaks Through $75,000: Capital Inflow and Supply Tightening Create Momentum, Probability of Reaching $80,000 Rises to 56%
Bitcoin surged during Asian early trading, breaking through $75,000 and reaching new highs, with gains extending to an eighth consecutive trading day, signaling recovery in market sentiment. Declining exchange inflows and heightened whale trading activity reinforce the upward momentum. Capital is shifting from gold to Bitcoin, though macro uncertainty remains. $75,000 has become key support, and future trends face testing.
GateNews1h ago
