Repeated Trendline Rejection Puts $0.48 Support In Immediate Danger
The post Repeated Trendline Rejection Puts $0. 48 Support In Immediate Danger appeared com. Avantis price today trades near $0. 505, facing continued rejection at the descending trendline and sustained negative flows. Coinglass data shows $558K in net outflows, confirming persistent distribution and weak buyer conviction. Losing $0. 47-$0. 45 support could trigger a slide toward $0. 40, while reclaiming $0. 533 may signal the first bullish shift. Avantis price today trades near $0. 505, slipping after another rejection at the descending trendline that has capped every rally this month. The token continues to coil inside a narrowing structure, but flows remain negative and the EMA stack sits firmly above price. This keeps sellers in control as AVNT approaches a major demand zone. The trend has been negative for weeks, with repeated red sessions reflecting distribution rather than accumulation. Liquidity continues to leave exchanges, confirming that participants are reducing exposure instead of positioning for upside. The broader picture shows no signs of sustained inflows since late September. The long stretch of negative flow aligns with the persistent decline in price, reinforcing that the downtrend is supported by real selling pressure, not only technical weakness. When outflows remain consistent at this scale, rallies tend to fade quickly. The latest spike above $0. 60 was rejected within minutes, matching the flow data and showing that buyers lack conviction at higher levels. Every attempt to rise above this line has failed, including the sharp wick toward $0. 62 earlier this week. AVNT now trades below all major EMAs: 20 EMA at $0. 518 50 EMA at $0. 533 100 EMA at $0. 567 200 EMA. Continue reading Repeated Trendline Rejection Puts $0.48 Support In Immediate Danger