AVAX’s Open Interest has increased by 6.50%, evidencing new trading positions. Significant outflows of $3.54 million from exchanges indicate investor accumulation, even as trading participation declined by 15%, suggesting caution among traders.
The formation of a bullish inverted head and shoulders pattern signals deeper interest in AVAX. If the price breaks above $35, predictions show potential rises of 8.50% to $38 and 25% to $41.50, despite current downtrend indicators.