Avantis (AVNT) Price Sheds 15% as Buyers-Sellers Clash, but One Metric Hints at Hope

Avantis (AVNT), the brand new Base-specific token, is simply every week into buying and selling and already testing the nerves of traders. After a fast climb to $1.54 on September 15, the token has pulled again 15.6% prior to now 24 hours, now holding close to $1.13.

The volatility comes as trade inflows recommend heavy promoting strain, possible linked to the 12.5% airdrop that unlocked at launch on September 9. On-chain knowledge additionally reveals one group is stepping in to soak up tokens, establishing a tug-of-war between early sellers and so-called “mega whales.”

Buyers and Sellers in a Tug-of-War, but RSI Shows Weakening Pressure

The previous day noticed trade balances leap by 46.5 million AVNT, pushing the full to 105.61 million AVNT (virtually $119 million at $1.13). That 78.6% rise factors to heavy promoting, supposedly from airdrop recipients shifting tokens onto exchanges to take income.

On the opposite aspect, whole shopping for strain — together with the highest 100 mega wallets, normal whales, and public determine wallets — absorbed virtually the identical quantity.

• Top 100 wallets: added 49.7 million AVNT (+5.3%), taking their stash to 980.8 million AVNT.
• Standard whales: added 13,700 AVNT (+1.3%).
• Public determine wallets: added 126,800 AVNT (+7.1%).

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Together, these teams accrued round 49.9 million AVNT ($56.4 million). In distinction, sensible cash wallets minimize their publicity by 316,000 AVNT ( $0.36 million), exhibiting much less conviction in a near-term rebound.

This conflict has formed the 1-hour chart. The AVNT price first corrected after a bearish RSI divergence, the place value made increased highs but the RSI (Relative Strength Index, which measures momentum by evaluating positive aspects and losses) made decrease highs. Normally, that indicators weakening development energy, and certainly AVNT dipped.

But due to whale absorption, the correction stayed contained — the token held in vary as an alternative of collapsing.

Now, a brand new hidden bullish RSI divergence has appeared: value is forming increased lows whereas RSI is making decrease lows. This setup typically indicators that promoting strain is weakening, which inserts with the image of airdrop sellers exhausting whereas whales hold shopping for.

The web impact: regardless that promoting nonetheless outweighs shopping for on paper ( $119 million vs. $56 million), the RSI hints that momentum could already be shifting, giving whales an opportunity to show the tide.

Zooming Out: Bulls Still in Control, but $1.25 Is the AVNT Price Decider

Looking at the 4-hour chart helps put AVNT’s temporary historical past in perspective. Bulls are nonetheless in charge of the broader uptrend regardless of the 15% drop, but their grip has weakened. The bull-bear energy indicator, which reveals whether or not patrons or sellers dominate momentum, has began to flatten — exhibiting that patrons are nonetheless holding on, but with out the identical power as earlier than.

For now, the extent to observe for the AVNT price is $1.25. A clear 4-hour shut above this stage would affirm renewed energy, probably establishing a retest of $1.49 and better extensions. If promoting strain eases, the highest 100 addresses absorbing provide may push costs towards that breakout.

On the draw back, a drop under $1.04 would invalidate the bullish setup and open the door to deeper corrections, particularly if trade inflows proceed. If that help breaks, the AVNT value would possibly even head in the direction of $0.85 and $0.70, making the whole construction bearish.

For AVNT, the following 24 hours are vital. Whether the mega whales’ protection can outlast airdrop-driven promoting will determine if the token stabilizes and reclaims $1.25 — or slides additional.

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