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?
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