Avalanche Retreats to $10.25 After $11.40 Rejection as Open Interest Tops $500M
- —AVAX fell 9.44% to $10.245 after being rejected at $11.40 resistance
- —Open interest in AVAX futures climbed from $300M to over $500M
- —Daily trading volume reached about $2.5 billion by September 22
- —Avalanche TVL rose to $640M before easing toward $600M
Why it matters: Rising open interest and volume raise the risk of sharp moves and liquidations, with $11.40 as resistance and $8.73 as key support.
Source: TronWeekly