While the broader crypto market faces a steep correction, the AVNT price surge is capturing everyone’s attention. The native token of the Avantis exchange is rocketing to fresh highs, completely bucking the market trend.
What’s Driving the AVNT Rally?
This impressive rally didn’t happen in a vacuum. Earlier this month, major catalysts ignited the buying frenzy. Firstly, crypto giants Binance and Coinbase confirmed they would list AVNT. Subsequently, Binance added more fuel by announcing a massive 10-million token airdrop for BNB holders. This move attracted a flood of new investors. More recently, Math Wallet integrated AVNT, making it even easier for retail traders to access the token.
Why is Avantis Gaining Trader Attention?
Beyond the listings, the Avantis project itself is drawing in traders looking for advanced features. The decentralized perpetual exchange offers up to 500x leverage, synthetic markets, and integrates real-world assets (RWAs) like metals and currencies. Additionally, the AVNT token provides governance rights and staking options, creating a compelling ecosystem.
Technical Analysis: Key Levels to Watch
Currently, the technical picture shows strong momentum but also suggests caution. On the two-hour chart, the price is hugging the upper Bollinger Band, indicating powerful upward pressure.
- Resistance: The key level to watch is the recent all-time high of $2.66. A strong break above this could propel Avantis token toward the $3.00 region.
- Support: If a pullback occurs, initial support sits near $2.00 (the 20-day SMA). A stronger safety net lies around $1.80.
Meanwhile, the RSI is hovering just below the overbought threshold of 70. This signals that buyers are still in control, but a short-term correction is possible.
A Word of Caution for Investors
It’s crucial to consider the tokenomics. Avantis token has a fixed max supply of 1 billion tokens, but only about 258 million are currently in circulation. Importantly, over 70% of the supply remains locked for future airdrops, staking rewards, and early investors. While this limits current selling pressure, future token unlocks could impact the price if market demand cools. Therefore, solid risk management is essential for anyone investing.
