Avantis Price Forecast: Trendline Resistance Threatens Support at $0.48

Avantis price currently sits around $0.505, facing continued pressure from the descending trendline and persistent selling activity. Coinglass data indicates substantial outflows of $558,000 over the past weeks, highlighting ongoing weakness in buyer conviction. A breakdown below the crucial support level of $0.47-$0.45 could trigger a further decline to potentially reach as low as $0.40. Conversely, reclaiming the $0.533 mark might suggest an initial bullish trend reversal.