The cryptocurrency AVAX recently saw a significant 12.7% increase in a single day, reaching $9.64. However, indicators suggest potential concerns as the Relative Strength Index (RSI) is signaling overbought conditions. Additionally, the Bollinger Band indicator broke to the upside. Furthermore, open interest has decreased by 23.7%, indicating a decline in market participation. These factors raise doubts about the sustainability of the current rally in AVAX.
