- Avantis (AVNT) rebounds from $2.16 dip as buyers regain control above support.
- Recent exchange listings and airdrops fueled volatility and profit-taking.
- Holding $2.40 may open the path to $2.55–$2.68 for Avantis.
Avantis (AVNT) has staged a notable rebound after a brief sell-off that followed a rapid climb from its early-September lows to a new all-time high (ATH) in hours.
However, prices remain volatile, although signs of renewed buying pressure are emerging as investors and traders reposition.
A quick rebound after the dip
AVNT experienced a sharp downturn after intense profit-taking, with prices slipping to around $2.16.
The decline came only days after the token touched its all-time high of $2.64, marking a steep but short-lived correction.
Within hours, however, buyers returned to the market and lifted the token back above $2.18, where it found immediate support.
The quick recovery is notable because it suggests that demand for the token has not faded even after such an aggressive rally.
At the time of writing, AVNT was trading at $2.21, supported by a market capitalisation of over $570 million and a 24-hour trading volume of more than $6.8 billion.
Such elevated turnover highlights just how actively the token is being traded, and reinforces the view that Avantis has become one of the busiest names on both centralised and decentralised platforms.
The market structure is setting up for a retest of higher resistance levels, with short-term targets now sitting at $2.55 and $2.68.
If bulls can push through these zones, the rally could regain momentum.
Conversely, $2.10 remains the key support, and holding that floor is vital for keeping bullish momentum intact.
Listings and airdrops stoke volatility
Exchange listings have been a critical catalyst for Avantis over the past two weeks.
The multiple listings, including the Binance listing on September 15, triggered a wave of excitement, sending the token surging by 67% in a single day.
The listings were accompanied by extraordinary activity, with more than half a million trades executed in the first hour of listing. Daily trading volume spiked nearly 95% to over $7 billion, confirming that speculative flows had entered in force.
Yet this level of excitement often invites a “buy the rumour, sell the news” effect.
Shortly after the initial pump, traders began taking profits, and the price gave back a portion of its gains.
Compounding this, Binance also distributed 10 million AVNT tokens through its HODLer airdrop on September 16, increasing the circulating supply.
Airdrops frequently create short-term selling pressure as recipients lock in quick profits, and this event was no exception.
Other exchanges, including MEXC, also completed promotional airdrop campaigns in mid-September, adding more liquidity to the market and amplifying volatility.
This mix of heightened visibility from listings and sudden supply from airdrops created an unstable near-term trading environment.
While such dynamics can unsettle investors, they are also a natural feature of early-stage markets where growth and speculation collide.
AVNT price analysis shows overbought choppiness
On the technical front, Avantis had been flashing warning signs even before the correction.
Its seven-day Relative Strength Index (RSI) recently climbed to 92, an extremely overbought reading that usually signals exhaustion in momentum-driven rallies.
Historically, readings above 70 suggest a market ripe for a pause or a pullback. That AVNT climbed above 90 underscored just how stretched the market had become after its rapid ascent from under $0.20 on September 9.
And sure to the RSI’s oversold hint, the token had to let off some pressure by pulling back.
But despite this, AVNT continues to trade above its seven-day simple moving average of $1.34, which indicates that the broader uptrend is still intact.
Traders are now focused on whether the token can maintain higher lows and consolidate before attempting another breakout.
The $2.09 pivot level is especially significant. A decisive break below that threshold could unleash further selling pressure, while stability above it would reassure buyers and strengthen the case for another push higher.
Traders should also monitor the RSI to see if it cools toward more sustainable levels below 70.
Such a move would indicate that the token has shaken off the froth of its parabolic run and could be ready for steadier, healthier growth in the sessions ahead.
The post Avantis price forecast: bullish momentum builds after recent sell-offs dip appeared first on CoinJournal.
