AVNT Eyes $1.65 Support as Buyers Struggle to Sustain Momentum Above $2

AVNT has formed a rounding top pattern after a strong rally, with price slipping below the short-term EMA at $1.95.

Open interest and futures inflows increased with the price surge, reflecting continued buying momentum supporting short-term market activity.

Spot and derivatives activity indicates bulls defending $1.65–$1.70 support, while a breakout above $2.00 could push the token toward $3.30.

AVNT price is consolidating after a sharp rally, slipping into a rounding top pattern as buyers show signs of exhaustion. The token trades at $2.01 with $2.11 billion in daily volume, posting an 8.96% daily drop despite recording impressive 82.37% gains over the past week.

Technical Trends and Price Action

AVNT price jumped from below $1.20 to nearly $2.60 since September 20, backed by strong volumes and rising interest. After the peak, a rounding top pattern formed, hinting at a possible short-term reversal in trend.

Source: Alpha Crypto Signal Via X

Price has now slipped to $1.83, just below the 9-period EMA at $1.9543 while staying above the 50-period SMA at $1.6659. The EMA rejection reflects immediate weakness, while the SMA acts as a dynamic support level. If the token fails to hold above the SMA, further declines toward $1.50 are possible.

Volume analysis indicates a drop after the peak, confirming that buying momentum is fading. This aligns with the rounded top structure, showing sellers gradually overtaking buyers. Unless price breaks above $2.00, the trend appears to be shifting toward a bearish correction.

Trading Trends and Investor Sentiment

AVNT has delivered massive returns, with gains reaching +96.17% compared to traditional majors like Bitcoin and Ethereum, which show flat or negative performance. Among peers, only ASTER outperformed AVNT with +190.98%, reflecting strong speculative interest.

Source: Coin Bureau Via X

The token’s popularity is reinforced by listings on Upbit, Bithumb, and Binance. In September, AVNT surged over 600%, attracting derivatives traders betting on further upside. Long liquidation risks remain, with a potential $60 million at stake if price corrects to $1.00.

AVNT open interest is rising with price, signaling fresh capital backing momentum. Spot and futures volumes surged during the rally, showing active participation. A breakout from the pennant pattern may push the token toward $3.30, completing Wave 3.

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