AVNT -887.81% in 24 Hours Amid Sharp Corrections

On OCT 9 2025, AVNT dropped by 937.81% within 24 hours to reach $0.829, AVNT dropped by 2843.33% within 7 days, dropped by 3599.66% within 1 month, and rose by 235.8% within 1 year.

The sharp drop reflects broader bearish sentiment and a rapid unwinding of speculative positions. AVNT has seen significant outflows from key investment vehicles, with liquidity tightening across major trading platforms. The price collapse was exacerbated by a lack of fundamental catalysts, leading to aggressive profit-taking by short-term traders. Despite the recent decline, the 1-year performance remains positive at 235.8%, though it now appears increasingly at risk amid the ongoing selloff.

Technical indicators have shown deteriorating momentum, with AVNT failing to hold key support levels. The RSI is in severe oversold territory, suggesting the market may be pricing in a near-term bottom. However, the long-term MACD has been trending lower, indicating a weakening trend. Analysts project a potential stabilization phase if AVNT can hold above $0.80, though a break below this level could trigger further downside risk.

Backtest Hypothesis

A potential backtesting strategy for AVNT involves leveraging the oversold RSI levels combined with a long-term MACD divergence as entry signals. The hypothesis tests whether a systematic buy on RSI<25 and MACD bullish divergence could have generated positive returns over the past year. Historical data shows that while the short-term volatility has been extreme, the 1-year return remains positive, suggesting that strategic long entries during deep corrections could potentially offset the near-term losses. The strategy would aim to capture the reversion-to-mean behavior observed in AVNT's 12-month performance, despite the recent sharp corrections.