Avalanche (AVAX) recorded four consecutive days of gains, moving closer to the $10 psychological level. The token broke above a multi-week pennant pattern near $7.15 and is trading above key moving averages. Avalanche’s network DEX volume reached $141.61 million over 24 hours, marking a new monthly high. The Long/Short ratio shows that 70% of tracked derivatives traders hold bullish positions, creating exposure to a long squeeze if price rejects near $9.
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