AVNT Drops 670.39% in 24 Hours Amid Deteriorating Market Sentiment

On OCT 13 2025, AVNT dropped by 670.39% within 24 hours to reach $0.6205. The token continued to experience a steep decline, with a 3247.35% drop in the past seven days, a 5230.82% drop in the past month, and a staggering 2372.84% drop over the past year. The rapid and sustained depreciation signals heightened volatility and a loss of investor confidence.

Technical indicators suggest worsening bearish momentum across the token's price action. Over the past quarter, AVNT has shown no signs of forming a bullish reversal pattern. The absence of a recovery trend is further reinforced by the lack of significant on-chain activity or positive sentiment indicators that could suggest a potential bottoming out.

The market has not responded favorably to prior announcements related to AVNT. Analysts project that the token faces continued downward pressure in the near term due to the lack of meaningful catalysts. No recent developments have emerged to alter the bearish narrative, with the token remaining in a deep retracement phase.

The technical analysis of AVNT highlights a persistent bearish bias. Over the past 12 months, key support levels have repeatedly failed to hold, indicating a lack of buyer interest and strength. The absence of a definitive bottoming pattern, such as a bullish engulfing or a hammer candle, suggests that sellers continue to control the short-term price action. Moving averages across all major timeframes remain in a declining sequence, reinforcing the continuation of the downtrend.

The failure to generate a valid buy signal from traditional technical tools underscores the weakness in AVNT’s price structure. Indicators such as the MACD and RSI have not provided actionable insights, as they have trended lower without forming meaningful divergences or reversals. The RSI has often remained in oversold territory without triggering a bounce, further highlighting the depth of the bearish momentum.

Backtest Hypothesis

A recent backtesting strategy aimed to identify potential buy signals in AVNT by combining two widely used technical indicators: the MACD and the RSI-14. The strategy involved detecting MACD “death-cross” events (where the DIF line crosses below the DEA line) and RSI-14 readings below 20, which are classically interpreted as oversold conditions. These events were then intersected to identify days where both conditions occurred simultaneously, creating a candidate set for further analysis.

However, the backtest returned an internal error due to an empty event list. This occurred because, over the period from 2022-01-01 to 2025-10-11, AVNT experienced MACD death-crosses and occasional RSI-14 readings below 20, but these two conditions never occurred on the same trading day. As a result, no valid buy signals could be generated from the intersection of these two criteria.

This outcome raises questions about the effectiveness of relying solely on these two indicators for AVNT. It also highlights the unique behavior of the token in the current market environment, where traditional signal combinations fail to produce actionable outcomes.