The Avantis (AVNT) token experienced a notable weekly rebound of over 50%. However, the digital asset is still down more than 60% over the past month. An Avantis (AVNT) price analysis based on on-chain metrics, such as the Chaikin Money Flow (CMF), shows the recovery lacks significant institutional support.
Despite the recent price optimism, technical indicators paint a mixed picture. The key metric (CMF) remains in negative territory, below the zero line. This suggests that money from large investors (whales) is not flowing into the asset. The last time the CMF was positive coincided with the token’s all-time high. Furthermore, the Bull Bear Power (BBP) indicator shows green candles, indicating some control by retail buyers. However, for a sustainable recovery, both indicators (CMF and BBP) must be synchronized.
The situation with Avantis is relevant for understanding current market dynamics. A rebound without whale support is often considered speculative and unsustainable. AVNT reached an all-time high near $2.66 in September. Since then, it has struggled to hold key levels. This analysis underscores the importance of validating price movements with volume and smart money flow. The token seeks to solidify its presence in the growing Defi sector.
Can Avantis break the $1 resistance without institutional support?
Technically, the Avantis (AVNT) price analysis reveals a falling wedge pattern on the 12-hour charts. This is generally a bullish pattern. Nonetheless, there is a warning. A hidden bearish divergence formed between October 10 and 21, suggesting the upward momentum could be waning. For investors, the crucial level to watch is $1.00. A decisive close above this mark would invalidate the bearish divergence and open the path toward the $1.32 resistance.
Avantis stands at a technical and fundamental crossroads. The 50% weekly recovery is positive, but the absence of whales is a significant red flag. If the price fails to break the $1.00 barrier, immediate support lies at $0.57. A break below that level would expose the token to deeper drops toward $0.46, where the wedge’s lower trendline sits. Traders are watching to see if institutional capital will finally decide to back the move.
