The token of Avantis Exchange on the Base network, $AVNT, has exploded more than 125% this week, lifting its market cap to around $250 million. The sharp run has caught strong interest across crypto Twitter, with many comparing it to $HYPE, the other big breakout of the month.
Well-known trader OCT Trades (@OCTTrades) posted a detailed chart and breakdown of what’s happening. In his view, profit-taking was inevitable after such a huge vertical move, but the structure of the chart is still constructive. His chart shows $AVNT rocketing past $1.60, where it faced price rejection, before pulling back toward the $0.80–$0.90 area.
OCT points out that this region aligns with a key Fibonacci level (around the 0.5 retracement) and marks what he calls the “DCA Zone”—an attractive area for long-term buyers to average into positions.
Source: X/@oct_trades
What gives him confidence isn’t just the chart. OCT highlighted that Avantis is backed by big names like Pantera Capital, Coinbase, and Peter Thiel. The exchange runs a zero-fee trading model where users only pay fees on winning trades and can get 20% rebates on losses. On top of that, $AVNT was listed on Coinbase, Binance, and Upbit on day one, a rare feat that signals strong institutional support and instant liquidity.
A Close Challenger to $HYPE’s Momentum
With these fundamentals and the technical pullback to a major support area, OCT believes $AVNT is shaping up as the closest challenger to $HYPE’s dominance in recent weeks. The explosive start, heavyweight backers, and smart fee structure make it a standout on Base and in the wider crypto market.
In short, while $AVNT has cooled from its initial spike, the $0.80–$0.90 range now looks like a smart spot to accumulate for those who missed the first leg. If buying picks up from here, traders will be watching to see if $AVNT can reclaim the $1.20 zone and maybe even retest the highs near $1.60 in the next bullish wave.
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The post Avantis’ $AVNT Pumps 125% This Week – Analyst Sees Fresh DCA Zone as It Challenges $HYPE appeared first on CaptainAltcoin.