$AVNT Market Insight: Whales Buying the Dip?
AVNT has rallied +21%, driven by strong technicals and heavy accumulation rather than news.
The Bull Case (On-Chain) 🐂
Whale Accumulation: Top wallets increased holdings by 1.88% (+11M AVNT) this month.
Supply Shock: Exchange reserves are down 4.9%, meaning fewer tokens available for sale.
Momentum: Bullish EMA crosses (7 > 25 > 99) and MACD confirm the trend. Volume hit $154M.
The Bear Case (Risks) 🐻
Overbought: RSI reached 82.35. Price is hugging the upper Bollinger Band, often a signal for a pullback.
Silence: There is no official news or partnership updates driving this. It is purely flow-driven, which can be volatile.
Verdict:
This looks like conviction buying from large players. While the trend is strong, the lack of fundamental news and high RSI suggests a short-term correction could happen before continuation.
