The post AVAX Targets $10.50 Within Two Weeks as Whale Accumulation Drives Bullish Setup appeared on BitcoinEthereumNews.com.

Terrill Dicki
Apr 15, 2026 11:15

AVAX whales are positioning for a breakout with 72% long bias while open interest surged 5.5% to $83 million. Technical indicators show clear runway to $10.50 as price holds above key moving averag…

Bulls Control the Narrative AVAX has found its sweet spot at $9.38, positioning perfectly for the next move higher. The token sits comfortably above both 7-day and 12-day exponential moving averages, creating a solid foundation for upward momentum. This isn’t accident – it’s deliberate accumulation by sophisticated traders who recognize value at current levels. The technical picture screams opportunity. RSI readings around 52 provide ample room for price appreciation without triggering overbought conditions that typically spark selling pressure. Meanwhile, the MACD has completely reset from previous trends, clearing the deck for fresh directional movement. Price action within the Bollinger Bands shows AVAX trading in the upper third of its recent range, suggesting bulls maintain control while leaving room to run toward $9.64. Derivatives Signal Major Move Coming The futures market tells the real story behind AVAX’s consolidation. Open interest exploded 5.5% higher, pushing total positions above $83 million as traders establish significant new positions. This type of OI expansion during sideways price action typically precedes sharp breakouts in either direction. Smart money positioning reveals the likely direction. Top traders have pushed their long exposure to 72% while retail follows at 69% – an unusual alignment that suggests genuine conviction rather than speculative gambling. The 1.17 taker buy/sell ratio confirms buyers are aggressively lifting offers, indicating urgency to establish positions before the anticipated move. Funding rates remain neutral at 0.0089%, showing no leverage stress or overheated positioning that could derail the setup. This creates ideal conditions for sustained price appreciation once momentum builds.
…

---

Filed under: News - @ April 16, 2026 3:21 am