AVNT Dropped 741.79% in 24 Hours Amid Sharp Decline in Market Confidence

On OCT 8 2025, AVNT dropped by 741.79% within 24 hours to reach $0.8914. The token also recorded a 2937.75% drop over the past seven days and a 3168.91% decline over the last month. While the one-year performance shows a 924.69% rise, the recent volatility has raised concerns among investors and analysts.

The sharp drop has sparked a reevaluation of AVNT’s market positioning. Analysts project that the recent movement could signal a shift in investor sentiment, potentially leading to further corrections in the near term. Institutional trading patterns and sentiment metrics have shown a pronounced bearish tilt, with a marked decline in open interest and volume participation. These factors indicate a possible consolidation phase ahead, where AVNT may struggle to regain upward momentum without a fundamental catalyst or strategic repositioning from the development team.

Technical indicators for AVNT have painted a bearish picture in recent sessions. The RSI has fallen below 30, signaling oversold conditions, while the MACD has crossed into negative territory with a widening bearish divergence. The 50-day and 200-day moving averages are both in a clear downward trend, reinforcing the bearish bias. The chart pattern suggests a continuation of the current downtrend unless a significant reversal pattern, such as a bullish engulfing or a hammer candle, emerges with high volume support.

Backtest Hypothesis

A backtesting strategy has been proposed to evaluate potential trade setups during the recent AVNT price action. The strategy is based on a combination of RSI, MACD, and moving average crossovers. Specifically, the model enters a long position when the RSI crosses above 30, the MACD line crosses above the signal line, and the price breaks above the 50-day moving average. A stop-loss is set at the recent swing low, while a take-profit target is placed at the nearest resistance level. This hypothesis aims to test whether a systematic approach based on these conditions could have mitigated losses or captured rebounds during the recent drawdown.