AVNT has been outperforming market expectations lately and showing solid momentum heading into this week. The chart is now flirting with that crucial 50-day EMA resistance level on the daily timeframe—the one marked in red that everyone's watching. Before the next leg up kicks in, there's likely a pullback scenario playing out first. Watch for potential support around the $0.30 level or slightly below it. A temporary dip there wouldn't be surprising before the bulls make their move. It may take a bit longer than expected, but the upside momentum appears inevitable once consolidation plays out on Base.
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GasWaster
· 8h ago
The 50-day moving average resistance is so obvious. Doesn't it have to drop to 0.3 first before taking off... Whether this wave can really break out depends on the base.
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JustAnotherWallet
· 9h ago
Will the 50-day moving average really hold? It feels like it needs to drop to 0.3 to catch a breath.
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RetailTherapist
· 9h ago
The 50-day moving average level, whether it breaks or not, is a big deal...
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TokenomicsTrapper
· 9h ago
lmao "inevitable upside momentum" right before the inevitable dump... classic exit pump pattern tbh. actually if you read the contract vesting unlocks are priced in already so yeah ngl this consolidation talk is just cope
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OnchainHolmes
· 9h ago
Look at the 50-day moving average; it needs to drop first before it can go up.
AVNT has been outperforming market expectations lately and showing solid momentum heading into this week. The chart is now flirting with that crucial 50-day EMA resistance level on the daily timeframe—the one marked in red that everyone's watching. Before the next leg up kicks in, there's likely a pullback scenario playing out first. Watch for potential support around the $0.30 level or slightly below it. A temporary dip there wouldn't be surprising before the bulls make their move. It may take a bit longer than expected, but the upside momentum appears inevitable once consolidation plays out on Base.