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
Bitcoin is hovering around the $68,000 threshold, and the risk of further downside is increasing as whales sell and demand remains weak.
Gate News: Bitcoin’s price has fallen to around $68,000. It had repeatedly failed to break through the $70,000 level, and market momentum has clearly weakened. The current price is still within the $65,000 to $73,000 trading range, but the risk of testing the lower end of the range is rising.
GateNews2m ago
Santiment Alert: BTC profit-loss ratio hits 2.95, the top signal is approaching
Based on Santiment data, Bitcoin’s profit-to-loss trade ratio has reached 2.95:1, nearing the historical alert level of 3.0, which may signal a short-term price top. A high profit-to-loss ratio also reflects optimistic market sentiment, but it can also build up selling pressure. Historical cases show that a profit-to-loss ratio near 3.0 does not necessarily lead to a pullback; the market needs to combine multiple indicators for a comprehensive analysis.
MarketWhisper19m ago
Freedom of Money surges 50%, as CZ’s new book drives a wave of same-name meme coin hype
Meme coin Freedom of Money saw a major surge of 50% on April 7, with its market value exceeding $22 million, driven by market sentiment after CZ announced that a new book is set to be released. However, the coin has no official connection to CZ or Binance, and its rally is purely a market-sentiment hype; investors should be cautious of the risks stemming from a lack of fundamental support.
MarketWhisper25m ago
The crypto market is broadly down; only the RWA sector is up slightly, at 0.42%.
On April 7, the crypto market fell broadly, with only the RWA sector up slightly by 0.42%. Major coins Bitcoin and Ethereum declined by 0.34% and 0.43%, respectively. Other sectors generally contracted, but some projects such as Creditcoin and Centrifuge rose against the trend.
GateNews1h ago
Tom Lee has released a post-war asset ranking, with Ethereum outperforming the broader market to win second place.
Tom Lee said on CNBC that since the start of geopolitical conflicts, Ethereum has outperformed the broader market, posting a gain of more than 8% and ranking second globally. Wartime fiscal spending is expected to grow, which will provide support for the market. BitMine recently holds more than 4.8 million Ether—equivalent to more than 4.8 million Ethereum—showing bullish confidence and strategy.
MarketWhisper2h ago
Tom Lee: The crypto winter is about to come to an end, and BitMine is accelerating its purchases of Ethereum
Ethereum reserve firm BitMine has recently accelerated its purchases of ETH. Its ETH holdings have surpassed 4.8 million coins, and its asset size has reached $11.4 billion. The company’s chairman, Tom Lee, believes that the mini-crypto winter is nearing its end, and that ETH’s current price does not yet reflect its high usability and its position as a direction for future financial development.
BitMine accelerates buying ETH
BitMine disclosed its latest crypto holdings yesterday. As of April 6, BitMine holds assets worth $11.4 billion, including:
4,803,334 ETH
198 bitcoins
$92 million in Eightco Holdings stock (ORBS)
Beast worth $200 million
ChainNewsAbmedia2h ago
