AVNT is showing remarkable strength on the 4H chart. ๐
โข Price Action: After running from $0.90 to a recent high of $2.67, AVNT is consolidating around $2.25 with higher lows holding.
โข Volume: The surge in volume confirms strong market participation. When volume aligns with price expansion, it often signals further upside potential.
โข Indicators:
โข RSI is hovering near 70, just below overbought, which shows strength but still leaves room for continuation.
โข MACD is bullish with a widening gap, showing momentum is intact.
โข Price is above all key EMAs (7, 20, 40), indicating strong trend support.
๐ With momentum, strong buyer volume, and trend continuation, AVNT looks poised to test the psychological level of $3.00 soon. If $2.25 support holds, upside pressure could push toward that level as the next milestone.
โ ๏ธ Watch Levels:
โข Support: $2.00 โ $2.25 zone
โข Resistance: $2.67 โ then $3.00
๐ Traders will keep their eyes on the volume; if it remains elevated, the $3 breakout looks increasingly likely.
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