AVNT price is testing a rebound near the middle of the Bollinger Band—what's happening at this level?

From a technical perspective, this area actually coincides exactly with the previous resistance level. So, AVNT is likely to face strong pullback pressure from here.

If it really drops, the $0.32 support zone should be the next critical line of defense. The short-term trend mainly depends on whether it can break through the upper resistance during this rebound or if it will turn downward at the pressure level—both possibilities are on the table.