Avalanche's (AVAX) price rally is expected to continue, leading to a surge in Open Interest (OI) for the cryptocurrency. AVAX's OI has reached $441.09 million, the highest since May 2024, which can be attributed to the growing interest from traders and investors. The recent breakout from AVAX's consolidation zone suggests a potential 30% increase in the coming days. With AVAX trading above the 200 EMA and its RSI indicating room for more rally, there is a possibility that AVAX could reach the $50 level. Currently, AVAX is trading around $39.55 and has seen a 12% surge in the past 24 hours, accompanied by increased trading volume.



Other News from Today