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Avalanche (AVAX) Price: Trading Volume Patterns Suggest Key Support at $27

  • AVAX is trading at $36.72 with a bearish trend and consistent rejections at $40-$42 resistance level.
  • Open Interest has declined, indicating reduced market participation and trader confidence.
  • Strong support is seen at $27, which is a key historical accumulation zone.
  • RSI readings near 35 suggest approaching oversold conditions, while short positions are increasing relative to longs, adding downward pressure.

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