AVNT has soared by 15066.67% since the beginning of the year as investor optimism continues to rise
- AVNT plunged 798.82% in 24 hours on Sep 25 but surged 15,066.67% year-to-date amid sustained investor optimism. - Sharp 24-hour drop marked short-term volatility within a broader 12-month bullish trend driven by speculative momentum. - Technical indicators show broken resistance levels and a 200-day moving average far below current prices, reinforcing long-term uptrend. - Analysts expect continued volatility but note consolidation patterns and strong accumulation suggest investors remain confident in AVN
On SEP 25 2025,
Despite a sharp reversal in the last 24 hours, the asset has maintained a strong upward momentum throughout the previous month and year. Although the significant daily drop has sparked some immediate concerns, the impressive 15066.67% increase over the past year points to a market largely influenced by speculation and long-term investor interest.
The drop observed on SEP 25 seems to be a short-term correction within a broader trend of ongoing growth. Following its remarkable gains, investors have continued to buy AVNT, reflecting confidence in its long-term prospects. Experts anticipate that volatility will remain a defining feature as the asset continues on its rapid growth path.
From a technical analysis perspective, AVNT has surpassed important resistance points several times in recent weeks, with each upward move strengthening the bullish outlook. The 200-day moving average, a common tool for assessing long-term trends, remains well below the current price, further indicating a persistent uptrend. Despite the recent sharp decline, analysts believe this could represent a consolidation period before another potential surge, rather than a reversal of the overall trend.
Technical tools like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have delivered mixed readings over the past day. The RSI has reached overbought levels on multiple occasions this year and now hints at a possible retracement. Meanwhile, the MACD has recently dipped below its signal line, signaling a short-term bearish trend, but as it remains above zero, the general bullish sentiment persists.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Growing Optimism Faces ETF Withdrawals: The Delicate Balance of Crypto Stability
- Crypto markets show fragile stabilization as Fear & Greed Index rises to 20, but Bitcoin remains 30% below October peaks amid $3.5B ETF outflows. - Stablecoin market cap drops $4.6B and on-chain volumes fall below $25B/day, weakening Bitcoin's liquidity absorption capacity. - Select altcoins like Kaspa (22%) and Ethena (16%) gain traction while BlackRock's IBIT returns $3.2B profits, signaling mixed institutional confidence. - Technical indicators suggest tentative support at $100,937 for Bitcoin, but So
BCH Rises 0.09% as Momentum Fuels Outperformance
- BCH rose 0.09% in 24 hours but fell 4.22% in seven days, yet gained 22.72% annually. - It outperformed its Zacks Banks - Foreign sector with 0.66% weekly gains vs. -2.46% industry decline. - Earnings estimates rose twice in two months, boosting consensus from $2.54 to $2.56. - With a Zacks Rank #2 (Buy) and Momentum Score B, BCH shows strong momentum potential. - Annual 63.46% gains and positive revisions solidify its position as a top momentum stock.
DOGE drops 1.36% as Bitwise ETF debuts
- Bitwise launched the first Dogecoin ETF (BWOW) on NYSE, offering institutional-grade exposure to the memecoin. - DOGE fell 1.36% in 24 hours but rose 7.34% weekly, reflecting mixed short-term market sentiment. - The ETF aligns with growing institutional adoption and regulatory momentum for altcoins, despite a 52.35% annual decline. - Similar products like Bonk’s ETP and Ethereum upgrades highlight maturing crypto infrastructure and investor demand.
ZEC Falls 4.01% After Grayscale Submits Zcash ETF Conversion Application
- Zcash (ZEC) fell 4.01% in 24 hours as Grayscale files to convert its Zcash Trust into an ETF. - The ETF conversion aims to boost institutional exposure and regulated market access for ZEC. - ZEC shows 16.26% monthly gain and 736.04% annual rise despite recent 17.89% weekly drop. - Analysts highlight ETF approval could stabilize ZEC’s price and attract diversified investors. - The SEC’s decision on the ETF remains pending, shaping market perceptions and ZEC’s adoption trajectory.
Trending news
MoreCrypto prices
More
