Avantis (AVNT) Price Prediction: Spot Inflows and What's Next?

Analyzing Avantis (AVNT) price movements, spot inflows, and venture backing to predict its short-term outlook. Will it break $2.38 or retest $1.87?

Avantis (AVNT) is making waves, and everyone's watching. Can it keep the momentum going, or is a pullback on the horizon? Let's dive into what's moving this crypto.

Avantis Price: Riding the Rising Wedge

Currently hovering around $2.27, Avantis (AVNT) is navigating a tricky spot after testing resistance at $2.33. Buyers are putting up a fight around the $2.16 support level, which aligns nicely with the 20-EMA. But the short-term view shows AVNT consolidating inside a rising wedge pattern. Will it break higher, or will profit-taking send it south?

Spot Inflows: A $10M Vote of Confidence

On September 22, Avantis saw a whopping $10.25 million in net spot inflows. That's a serious injection of capital, and it happened right as AVNT broke out from $1.20 to $2.30. This surge underlines strong speculative demand.

However, analysts are cautious, noting that if these inflows dry up, AVNT could face heightened volatility. Thin liquidity means any reversal could hit hard. For now, though, that $10M spike shows growing interest in Avantis.

Venture Capital: The Long-Term Tailwind

Avantis isn't just riding hype; it's got some serious backing. Earlier this year, Peter Thiel’s Founders Fund co-led an $8 million Series A round. This positions Avantis as one of the few Base-native derivatives exchanges with major institutional support.

Traders are pointing to this fundraising as a reason not to underestimate AVNT's potential. Solid backing provides a tailwind, even if short-term volatility remains a factor.

Technical Indicators: Cooling Off?

Short-term charts show resistance near $2.38, aligning with the Supertrend ceiling. Momentum indicators are no longer overbought, suggesting the consolidation is healthy after a parabolic rise. But watch out: the wedge structure warns of a possible breakdown if buyers can't hold $2.16.

Avantis Price Prediction: The Road Ahead

The short-term outlook hinges on holding support at $2.16 and breaking through resistance at $2.38. A decisive move above $2.38 would open the door to $2.64, while losing $2.16 could trigger a retest of $1.87.

Final Thoughts: Bullish, But Proceed with Caution

Avantis remains in a consolidation phase within its broader bullish cycle. On-chain data confirms renewed demand, and venture capital support adds a long-term bullish narrative. However, technicals suggest cooling momentum, so keep a close eye on those key levels.

So, will Avantis go up? The ingredients are there, but as always in crypto, anything can happen. Buckle up and enjoy the ride!