The new dark horse Avantis( AVNT) price takes a "roller coaster" ride? After the CEX Airdrop, it fell by 30%, can the Rebound continue?

The perpetual futures DEX Avantis, supported by Peter Thiel's Founders Fund and Base, has recently become the market focus, with its price skyrocketing from $1 to $2.4 within a few days, achieving a doubling rise. However, following the surge triggered by mainstream CEX airdrops, the token quickly fell over 30%. Despite facing short-term profit selling pressure, as more centralized exchanges announce listings, the AVNT price rebounded to $2, and the market is closely watching whether it can stabilize at the key support level and once again challenge $2.5.

Perptual Futures DEX Surge: Avantis Price Soars and Pulls Back

The trading enthusiasm in the crypto market recently has mainly focused on the Perptual Futures DEX sector, and this round of rotation was triggered by the Aster (ASTER) supported by CZ, driving the prices of multiple projects including Avantis (AVNT) to rise. As one of the main driving factors for Avantis, a mainstream CEX started to Airdrop approximately 10 million AVNT to its users on September 19, accounting for 1% of the total supply of 1 billion coins. This event greatly stimulated market interest, pushing the AVNT price from 1 dollar to a peak of 2.6 dollars.

However, after many tokens rose more than 8 times from their listing price, the trading momentum in the Perptual Futures DEX sector began to weaken. Avantis also did not escape profit selling, with its price falling more than 30% from a high of $2.6, reaching a low of $1.7, and then rebounding to above $2 at the time of writing.

Technical Analysis: Can the Rebound Hold Key Support?

Currently, the market's focus is on whether the bulls of AVNT can regain lost ground. Technical analysis shows that the range of $1.5 to $1.7 appears to be a key "golden ratio" and an important support level. If a solid foundation can be formed in this area, the bulls are expected to reverse the recent fall.

In fact, the recent price rebound above $1.7 occurred after more Centralized Exchanges announced their listings. If AVNT can challenge $2.5 or $2.6 again, it may provide an additional 30% profit potential for late investors. However, if the price continues to fall below $1.5, it will invalidate the bullish argument and may accelerate sellers pushing the price towards $1.

Liquidity Heatmap: Evidence Supporting the Bullish Argument

The data from the weekly liquidation heatmap also supports the above viewpoint. The data shows that there is considerable leveraged long liquidity at $1.7, which may become a price magnet in the short term. Meanwhile, the key liquidity pools and price magnets above are located at $2.1 and $2.5, respectively, making them critical upward targets. In short, the liquidity accumulation area below aligns with the "golden zone" on the price chart, making the range of $1.5 to $1.7 an important short-term support.

Conclusion

Avantis (AVNT) recent price fluctuations are a microcosm of the high-risk, high-reward characteristics of the Perptual Futures DEX sector. Although its price has undergone significant correction, with the defense of key support levels and the backing of Centralized Exchanges, the Token still has the opportunity to regain momentum. However, investors should be cautious of the risk of continued price falls and closely monitor key technical indicators and changes in market sentiment.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions cautiously.