AVAX Bulls Face Shakeout as Momentum Exhausts and Open Interest Collapses

AVAX has surged nearly 6% in 24 hours to $10.72, but the market is flashing warning signs that a shakeout might be coming.

The MACD histogram has gone dead flat, momentum hasn't just decelerated, it's flatlined. The RSI at 69.68 is within a session's worth of printing technically overbought, and the Bollinger Band picture shows price sitting at roughly 80% of the full band width.

The question isn't whether AVAX can reach $11.99, but rather whether the market will shake out the weak hands first.