The competition among DEX platforms may have cooled down, but Avantis is showing impressive signs of breakout.
In the past 24 hours, the Avantis token (AVNT) surged over 22%, bringing the weekly cumulative increase to 62% — a figure that has caught the market’s attention. This strong rally clearly reflects growing interest from capital flows toward Avantis, despite the overall market environment becoming less lively.
Contrary to the bullish momentum of AVNT, some other Perp DEXs like AsterDEX (ASTER) are struggling in terms of price, indicating an increasing divergence within the group of emerging DEX projects.
Avantis Reverses Market Structure to an Uptrend
On the technical chart, Avantis has officially broken a downtrend structure that lasted over a month. The correction for AVNT started immediately after October 24, about two weeks after the widespread liquidation wave across the entire cryptocurrency market.
The recovery momentum was reinforced when AVNT broke above the downtrend resistance line and also surpassed the 50-day simple moving average (SMA) — an important technical signal indicating a trend reversal. This development aligns with the bullish divergence signal from the RSI indicator, which is now approaching the 68 level.
AVNT/USDT 4-hour chart | Source: TradingView
Since the breakout on December 19, AVNT has continuously set higher highs and higher lows, reflecting increasing dominance of the bulls. Notably, this altcoin rebounded from the $0.32 level on Christmas Day, maintaining a firm position above the 50 SMA.
However, AVNT’s upward momentum is temporarily stalling as it approaches a minor resistance zone around $0.40 — an area that previously served as a key accumulation zone about a month ago.
If AVNT successfully breaks through the $0.40 threshold, it could open up new growth potential, targeting the $0.60 zone or higher. Conversely, if the price weakens and breaks below the moving average, the current uptrend is likely to be invalidated.
In addition to the technical breakout momentum, network activity indicators are also playing a crucial role, helping to reinforce AVNT’s short-term bullish outlook.
Signs of Resilience?
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
Bitunix Analyst: Hormuz Risk Escalation, Oil-Gold Chain Activation, BTC Upside Short Liquidity Accumulation
Dubai Gold Air Transport Hub flights suspended, Iran closes the Strait of Hormuz, leading to a sharp rise in oil prices and increased inflation expectations. Institutions favor gold, but rising oil prices may suppress gold prices. In the crypto market, BTC fluctuates between 69,500 and 70,500, with market focus on short squeeze and liquidity changes. Overall, macro volatility has increased, and BTC remains within the range, trading sideways.
GateNews2h ago
XRP Today's News: $650 million rush into exchanges, are investors preparing to sell?
In the past week, approximately 472 million XRP tokens flowed into exchanges, breaking the net outflow trend seen for several months and reflecting a defensive stance among holders amid geopolitical uncertainties. Although large inflows are generally seen as a warning sign of selling, they could also be a hedge. On the technical side, $1.30 is a key support level; if broken, the price could accelerate downward to $1.12. The resistance levels above are $1.50 and $1.61.
MarketWhisper2h ago
"1011 Insider Whale" claims the crypto market is still in a range-bound fluctuation
ChainCatcher Message: "1011 Insider Whale" GarrettJin posted on X platform stating that the current market transmission path is influenced by geopolitical impacts on the macro environment, which in turn further affects the crypto market. He pointed out that attention should be focused on indicators such as oil prices, the US dollar index, and the yields of 2-year and 10-year US Treasury bonds.
GarrettJin believes that the crypto market is still in a range-bound consolidation phase and states that maintaining caution is a common choice in the current environment.
GateNews3h ago
Bloomberg: The US-Iran conflict has limited impact on Bitcoin, currently consolidating between $60,000 and $70,000.
Bitcoin briefly declined in the US following news of strikes against Iran, but then rebounded, with trading prices surpassing pre-attack levels, indicating the market's low sensitivity to risk. After a significant correction, Bitcoin consolidated in the $60,000 to $70,000 range, retail participation decreased, and overall inflows weakened, resulting in a smaller impact from the new shock.
GateNews3h ago
Pi Network Foundation sells 48.88 million tokens, PI technical outlook is bearish
Pi Network recently experienced a surge in market supply after the foundation sold 48.88 million tokens, causing the price to fluctuate around $0.1700. Technical analysis shows that PI failed to break above the 50-day EMA at $0.1740, indicating a generally bearish outlook. If the $0.1700 support level is broken, further declines may occur. The community has criticized the transparency of token transfers, which has impacted market confidence.
MarketWhisper3h ago
Bitcoin briefly surged past $70,000 before falling back! Iran's capital outflow surged by 700%, VanEck calls it "building a bottom"
Bitcoin plunged and then rebounded after the US and Israel airstrikes on Iran, reaching a high of $70,110, currently around $68,500. Capital outflows from Iran's largest crypto exchange Nobitex surged by 700%, indicating that cryptocurrencies are becoming a channel for capital flight. VanEck's CEO believes the market is in a bottoming phase and remains optimistic about the future. Meanwhile, JPMorgan's Dimon warns of inflation risks, showing that geopolitical uncertainties continue to impact the market.
動區BlockTempo3h ago
