$AVAX is outpacing a flat market 📈
AVAX is up 9.3% in 24h to 8.74 while BTC sits near flat around 75.2K. The move came in one 4h candle (8.03 to 9.00) on roughly $33M of spot volume, versus $1.5M to $4.7M in the candles before it. No confirmed catalyst yet.
Futures picture:
• Open interest value jumped from ~$64M to ~$84M, now ~$80M
• Funding slightly negative (about -0.005%)
• Account long/short 1.61, top-trader positions 2.10
Price has reclaimed the 4h MA20 (~8.29) and MA50 (~8.43). The 30-day range is 7.77 to 11.12.
Speculative levels to watch, not a trade call:
• Holding 8.43 to 8.49 keeps the breakout intact, with 9.00 to 9.01 the high to reclaim
• A 4h close below 8.43 would put the 8.03 breakout base back in play
Data: Binance spot and futures, Nov 10 01:15 UTC.
Not financial advice. DYOR.
#AVAX #Altcoins #WriteToEarn
AVAX is up 9.3% in 24h to 8.74 while BTC sits near flat around 75.2K. The move came in one 4h candle (8.03 to 9.00) on roughly $33M of spot volume, versus $1.5M to $4.7M in the candles before it. No confirmed catalyst yet.
Futures picture:
• Open interest value jumped from ~$64M to ~$84M, now ~$80M
• Funding slightly negative (about -0.005%)
• Account long/short 1.61, top-trader positions 2.10
Price has reclaimed the 4h MA20 (~8.29) and MA50 (~8.43). The 30-day range is 7.77 to 11.12.
Speculative levels to watch, not a trade call:
• Holding 8.43 to 8.49 keeps the breakout intact, with 9.00 to 9.01 the high to reclaim
• A 4h close below 8.43 would put the 8.03 breakout base back in play
Data: Binance spot and futures, Nov 10 01:15 UTC.
Not financial advice. DYOR.
#AVAX #Altcoins #WriteToEarn