Avantis (AVNT) is experiencing significant market activity, with $10.25 million in spot inflows recorded on September 22. The cryptocurrency is currently trading around $2.27, consolidating within a rising wedge pattern while defending a crucial support level at $2.16. Analysts highlight resistance levels between $2.38 and $2.64, with support ranging from $2.16 to $1.87.
The token's bullish trend is supported by its position above key moving averages, indicating strong speculative demand. However, the sustainability of these inflows remains uncertain. Avantis has also attracted institutional interest, recently securing an $8 million Series A funding round led by Peter Thiel’s Founders Fund.
Avantis Sees $10M Inflows Amid Rising Wedge Consolidation
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