$AVNT is showing a healthy rebound structure after dropping toward the 0.1003 support area. Price is now back near 0.1022 and attempting to stabilize around the moving averages.


​The important point here is that sellers pushed price lower, but buyers reacted strongly from support. That bounce created a potential higher-low formation, which is often the early stage of a trend reversal.
​$AVNT is currently close to EMA5, EMA10, and EMA20, showing compression. When price compresses near moving averages after a bounce, it usually means the market is preparing for the next directional move.
​The first resistance is around 0.1095. If $AVNT breaks and holds above that level, the next upside targets are 0.1120 and 0.1140.
​As long as 0.1003 remains protected, the bullish recovery structure stays valid. $AVNT looks like a strong watchlist setup for continuation if volume starts increasing.

#GateStocks7x24Trading
AVNT-7.12%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments