Avantis (AVNT) experienced a significant price increase, surging 24.31% within 24 hours. This rise is accompanied by a 74% increase in open interest, indicating heightened trading activity. Despite a low fear and greed index, on-chain metrics reveal a buildup of short positions, suggesting a potential short squeeze scenario.
The funding rate remains deeply negative, pointing to a crowded short market. Key liquidity levels are identified at $0.384 and $0.40, while traders are eyeing potential pullback points at $0.333 and $0.30 for entry opportunities.
Avantis Token Jumps 24% as Short Squeeze Potential Emerges
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