according to speculation, the range of 0.7 to 0.8 is likely the bottom and will go sideways to absorb all the FUD for a period of time, whether long or short depends on the next move of the Avantis Foundation.

$AVNT The most difficult period may have passed. Do not use the token burn mechanism hastily to reduce liquidity; the buyback move helps to provide additional cash flow in the context of $360M having been withdrawn in the past 3 weeks. It may allocate 50% to buy in the range of 0.7 to 0.8. The remaining part is reserved in case of a short-term long squeeze; if a long squeeze does not occur, it can be used to average up the price.