The Avantis (AVNT) is skyrocketing after being listed on multiple exchanges throughout the past week. Adding to the effect traders are also flocking on its perpetual futures platform. With AVNT holding strong at $1.19, an analyst predicts the token could breakout to anywhere from $1.4 -$1.6.
Real World Asset (RWA) perpetuals decentralized exchange, Avantis token, AVNT, gained value drastically during the past week after being listed on multiple exchanges. According to the Binance exchange, “From September 10 to 15, Avantis (AVNT) was consecutively listed on major exchanges such as Coinbase, Upbit, Bithumb, and Binance. After being listed on Binance on the 15th, the price once broke through $2, with a daily increase of over 100%.”
During the past 7 days, the token has put on more than 350% value, taking its value close to $1.5. After being rejected just below the $1.5 resistance level, AVNT tested $1.2 a few times before. However, the bulls did not have the momentum to push past this resistance level.
Shifting our attention to the trading activity on Avantis perpetual DEX, the cumulative trader activity spiked up and hit almost 42K on September 15. There were 700 old traders and 140 new traders–unique wallet addresses on that particular day.
A crypto netizen who goes by the pseudonym, BTC News 2 Trade, predicts AVNT to hit $1.4-$1.6, given the fact that it is holding above the $1.19 strong. AVNT is consolidating within a bullish flag pattern, and a breakout could trigger a rally equal to the height of the preceding flagpole, which could take it to $1.5, as correctly said by the netizen.
Meanwhile the total RWA value hit $30.14 billion spiking by 10%+ during the past 30 days. The total asset holders spiked by almost 7% and hit 392K.
