Avantis (AVNT) Price Prediction: 24-Hour Surge of 24%, OI Soaring by 74%, Can it Break the $0.40 Barrier?
Avantis (AVNT) has recently become a focal point in the cryptocurrency market. Data shows that as of press time, AVNT has increased by approximately 24.31% in the past 24 hours, with a total gain of 34.18% over the past 7 days, significantly outperforming the market. Meanwhile, Coinalyze data indicates that the open interest in AVNT contracts surged by 74% in a single day, suggesting that speculative sentiment in the derivatives market is rapidly heating up.
It is worth noting that despite the strong price rebound, the funding rate for AVNT perpetual contracts remains in the negative zone, indicating that the contract price is below the spot price, and longs need to pay shorts. This structure often reflects an over-concentration of short positions. Once the price continues to rise, it can easily trigger a short squeeze, further pushing the price higher in the short term. Therefore, the market is beginning to discuss whether AVNT has the opportunity to quickly approach or even test the $0.40 level.
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