$AVNT Alright, let's have a real chat about AVNT. Looking at the past couple of months, it's been a tough ride, especially for anyone holding through November. That yellow line has been trending downwards, slowly but surely eating into gains.
But then, boom! Just before Christmas, the market decided to deliver a real holiday special. That massive, vertical plunge from well above $0.60 all the way down to the $0.20s was absolutely brutal. A genuine liquidation event, plain and simple. That huge red area below the zero line really screams "panic selling" and intense bearish pressure hitting at that exact moment.
Since that dramatic drop, we've seen a bit of a bounce, pushing back up towards the $0.35-$0.40 range. It's trying to find its feet, no doubt. But honestly, it's still looking quite shaky. The momentum from that sell-off was so strong that any recovery will need some serious conviction.
For me, this chart shows a project that's been under heavy pressure, culminating in a significant capitulation. The question now isn't just about finding a bottom, but about building a base solid enough to reverse this downtrend. I'd be watching closely for sustained volume and some higher lows before even thinking about stepping in. Right now, it's a testament to how quickly things can change. Stay safe out there, folks.
#USGDPUpdate #USCryptoStakingTaxReview #CPIWatch #AVNT