Purchase $AVNT - Strong momentum approaching a breakout of the 60 moving average
Current price: $0.3260
Signal: The price shows strong daily momentum with a gain of +9.51%, approaching resistance at the 60 moving average for a potential breakout in the decentralized finance sector.
Entry: 0.3230 - 0.3280
First target: 0.3450
Second target: 0.3650
Third target: 0.3850
Stop loss: 0.3150 (below the last support)
Chart analysis:
Strong daily momentum: Gain of +9.51% shows aggressive buying pressure and acceleration in the breakout.
Testing the 60 moving average breakout: The price is approaching the 60 moving average ($0.3300) - a decisive breakout above it could trigger significant upward movement.
Winning case in decentralized finance: As a "winning" decentralized finance project, AVNT benefits from strong sector momentum.
Positive weekly performance: The weekly return of +20.08% indicates underlying strength and accumulation.
Volume confirmation: Healthy volume supports price movement and indicates genuine buying interest.
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