Avantis (AVNT) spikes as TVL and on-chain activity surge — $0.36 yearly-open a key test
Avantis (AVNT) has seen a strong multi-day rally, with recent reports showing a 27–73% gain in 24 hours to a week-long surge depending on the snapshot. The move is supported by rising on-chain activity (daily transactions >1,461 on BaseScan; average transfers >200K AVNT) and growing user adoption (65,000+ users, integration in ~25 wallets). Total Value Locked (TVL) climbed above $100M (reported $104M–$111M), driven by synthetic asset trading and new composable yield products on Base Chain, which reportedly holds ~75% of Avantis’ derivatives market share. Exchange listings (Binance, Upbit, Coinbase) and heavy Asian trading — Upbit accounting for a large share of volume — have pushed daily trading volumes into the hundreds of millions, fueling speculative flows. Technically, AVNT broke a month-long falling wedge and shows improving momentum (expanding MACD bars, RSI near midrange, Choppiness Index <40), but indicators are mixed: Chaikin Money Flow in earlier notes remained below zero and there are warnings of hidden bearish divergence. Key levels: resistance around the yearly-open near $0.36 and psychological targets at $1.00, $1.32 and $2.66 on clean breakouts; downside support near $0.57 and $0.46 if the rally fails to hold. Short-term bias is bullish given on-chain and technical momentum, but traders should watch the $0.36–$0.57 zone closely — failure to sustain these levels risks sharp reversals amid speculative volume.
Bullish
The combined reports point to a bullish near-term outlook for AVNT. Positive drivers include a marked increase in TVL, rising on-chain transactions and user counts, exchange listings that broaden liquidity, and technical breakout from a falling wedge with improving momentum indicators. These factors typically attract short-term speculative flows and can sustain upward price pressure while volume remains elevated. However, not all indicators are uniformly bullish: Chaikin Money Flow below zero in earlier notes and signs of hidden bearish divergence indicate that large-cap accumulation by whales may not yet be fully re-established, and the token remains well below prior highs. Therefore the immediate price impact is likely bullish but conditional — a confirmed close above key resistance levels (notably the yearly-open near $0.36 and psychological $1.00) would reinforce an extended rally, while failure to hold support ($0.57/$0.46) could trigger sharp pullbacks. Traders should manage risk with stops and watch liquidity/volume shifts, as speculative volume concentrated on specific exchanges (e.g., Upbit) can reverse quickly.