Avantis (AVNT) Price Reaction
Avantis price has rebounded over 50% this week, but its recovery depends on whale support and reclaiming the $1 level.
After dropping more than 60% in the past month, Avantis (AVNT) needs two key factors to turn its recovery into a rally: whale support and a clean reclaim of the $1 level.
Whale Support and Price Movement
The Chaikin Money Flow (CMF) measures large money entering or leaving a coin, and it still signals weakness.
- The last time CMF was above zero was between mid- and late-September, when Avantis price rallied to its all-time high near $2.66.
- Once CMF dropped below zero on September 26, the token started its month-long slide.
The rebound may not be enough for Avantis to shun month-on-month bearishness.
Now, CMF continues to show limited inflows, indicating that whale support is crucial for the token's recovery.
Author's summary: Avantis needs whale support to recover.