Avalanche (AVAX) open interest and derivatives volume decline, raising doubts over $21 rally

• Avalanche (AVAX) rallies over 34% in a week, nearing the $21 resistance.
• Derivatives trading has dropped, hinting at rally risks.
• However, technical analysis shows hope even as volatility rises.

Avalanche (AVAX) has recently experienced a notable price surge, capturing the attention of traders and investors alike.

The cryptocurrency rallied by 34.75% from its April 7,2025 low, reaching around $20.20, and is now approaching a critical resistance level at $21, as highlighted by market analyst Crypto Rand.

According to Rand, the $21 level is seen as a key resistance, with a potential breakout signaling a full bullish reversal for AVAX.

$AVAX at the verge of the bullish reversal, pushing on the confluence of resistances.

Breakout over the $21 range triggers the full bull reversal