Why Is Avantis (AVNT) Price Up Today?

Updated 36 minutes ago by · 2 mins read

AVNT has recently achieved a new peak, soaring another 10% today, while the broader crypto market faces a steep correction.

While the broader crypto market began the week with a pullback, Base-blockchain-based decentralized perpetual exchange Avantis has seen its native token, AVNT, soar to fresh highs.

Earlier today, AVNT touched an all-time high (ATH) of $2.66 before consolidating near $2.3 at the time of writing. The token is up more than 60% over the past week with its market cap nearly doubling to roughly $618 million.

This strong rally began when exchange giants such as Binance and Coinbase confirmed AVNT listings earlier in the month. Binance further added fuel by announcing a 10 million-token airdrop for BNB holders, attracting a rush of fresh buyers.

Just minutes ago, Math Wallet also announced AVNT integration, widening accessibility for retail traders.

Avantis offers leverage of up to 500x, synthetic markets, governance through the AVNT token, staking options, and integration of real-world assets (RWA) such as metals and major currencies.

The project has recently captured the attention of traders seeking exposure beyond typical crypto products.

AVNT Traders Bullish, Caution Ahead

On the two-hour AVNT chart, the price is hugging the upper Bollinger Band, a sign of strong upward momentum. This suggests potential volatility and overbought conditions in the short-term.

Traders should watch for key resistance around the recent ATH near $2.66. Support appears near the mid-band (20-day SMA) around $2.00 and stronger backing near $1.80.

AVNT price cart with RSI and Bollinger Bands | Source: TradingView

Meanwhile, the RSI sits just below the classic 70 overbought threshold. This suggests buyers remain in control and a strong move above $2.66 could lead AVNT to the $3 region. However, a short-term pullback can’t be ruled out.

Notably, AVNT has a fixed maximum supply of 1 billion, with only about 258 million currently circulating, according to data from CoinMarketCap. More than 70% remains locked for airdrops, staking rewards, and early investor allocations.

Future token unlocks could result in selling pressure if market demand cools. This makes risk management essential for investors chasing the next 1000x crypto.

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