Jakarta, Pintu News – Avantis (AVNT), a perpetual DEX exchange, has doubled in price in recent days. The platform received backing from Peter Thiel’s Founders Fund and Base.
AVNT’s price jumped from $1 to $2.4 as traders jumped on the bandwagon of rotation to perpetual DEX fueled by Aster (ASTER), a project backed by Changpeng Zhao (CZ).
As of September 24, the DEX perpetual sector is up around 20% – signaling a high risk appetite in the market. However, this also begs the question: is this trend of high interest strong enough to reverse the 30% correction AVNT just experienced?

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The latest AVNT price increase that started on September 19 was also driven by Binance’s airdrop to its users. Around 10 million AVNT, or 1% of the total supply (1 billion), were distributed through the airdrop and triggered a surge in interest.
However, trading of the DEX perpetual token lost steam after most assets recorded gains of more than 8 times the initial listing price. AVNT was also dragged down by profit-taking, dropping more than 30% from $2.6 to $1.7, before finally breaking back through the $2 level at the time of writing.
Can the bulls regain control? The $1.5-$1.7 zone seems to double as a gold ratio as well as an important support area, which could potentially be the foundation for a bullish trend reversal.
In fact, the latest rebound above $1.7 came after centralized exchanges like OKX announced the listing of AVNT.
If the momentum continues, the $2.5-$2.6 target could provide an additional profit potential of around 30% for late-entry bulls. However, a sustained drop below $1.5 will invalidate the bullish scenario and risks accelerating selling pressure down to the $1 level.
The previous analysis was also reinforced by the weekly liquidation heatmap data. In fact, the data shows that there is considerable long leveraged liquidity around $1.7, which could potentially become a “price magnet” in the near future.
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Meanwhile, on the upside, there are important liquidity pools as well as price targets at the $2.1 and $2.5 levels, making it a key target for a bullish move.
Simply put, the area of lower liquidity appears to align with the golden zone on the price chart. This makes the $1.5-$1.7 range an important support level in the short term.
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