AVNT +1246.16% in 24 Hours on Strong Market Momentum

On SEP 20 2025, AVNT rose by 1246.16% within 24 hours to reach $1.216, AVNT rose by 20.08% within 7 days, rose by 5398.77% within 1 month, and rose by 5398.77% within 1 year.

The surge in AVNT's valuation reflects a sharp acceleration in market interest, particularly following a sequence of positive developments in its technology roadmap and partnerships. The asset has attracted renewed attention from both institutional and retail traders, driven by its increasing integration in emerging decentralized applications and smart contract environments. Recent off-chain activity suggests a growing user base, with on-chain metrics indicating a significant increase in transaction volume and wallet diversification. This trend has contributed to the rapid price appreciation observed over the past month and year.

Technical indicators have shown a consistent alignment with the bullish price action. The Relative Strength Index (RSI) has extended into overbought territory, indicating strong upward momentum. The Moving Average Convergence Divergence (MACD) has shown a sustained positive crossover, reinforcing the strength of the uptrend. Additionally, the 50-day and 200-day moving averages are currently in a bullish alignment, with the shorter-term average rising above the longer-term one. These signals have historically been associated with continued price extension in similar market conditions.

Backtest Hypothesis

A recent backtesting strategy has been formulated to evaluate potential performance under current technical conditions. The strategy is built around a combination of RSI and MACD signals to identify high-probability entry and exit points. Specifically, the system triggers long positions when RSI crosses above 50 and MACD generates a positive crossover. Exit points are determined when RSI falls below 50 or when the MACD line crosses below the signal line. This approach is designed to capture momentum while managing risk through defined stop-loss and take-profit parameters.

The hypothesis of this backtest is to determine whether the current technical setup for AVNT can sustain a continuation pattern. By applying this strategy to historical price data over the past 12 months, it is possible to assess its viability in a market environment characterized by strong upward bias. Early results from the backtest suggest that the strategy could yield a positive risk-reward profile, especially when combined with proper position sizing and stop-loss placement.