$AVNT Plunges 12.89% Amid Heavy Selling and Bearish Signals
$AVNT experienced a sharp decline over the past 24 hours, with its price falling approximately 12.89%. This move was driven by sustained and strong selling pressure across the market.
Technical Indicators Flash Red
The downturn is supported by bearish technical analysis,which confirms a prevailing short-term downtrend for $AVNT . Key charts and metrics are currently pointing to continued weakness, suggesting the selling momentum may not be exhausted.
Market Crowding Sparks Short Squeeze Chatter
Despite the negative price action,market observers are noting a highly crowded short position. This condition has led to discussions about a potential short squeeze, which could fuel a sharp recovery if buying pressure suddenly intensifies and forces short sellers to cover their positions.
