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Avalanche: Retail sells $821K of AVAX, smart money holds on – What next? | Avalanche (AVAX) saw a 2.62% increase over the past 24 hours, breaking a month-long decline of 26.22%. This uptick is attributed to Smart Money investors, who have profited significantly, earning up to 375% on investments despite an overall 13% price drop. As of now, these investors retain their positions, while retail investors are selling off their assets, having sold $821,000 worth of AVAX recently. Derivative retail traders are also taking short positions based on negative sentiment, reflected in the Open Interest Weighted Funding Rate, which has fallen to -0.0022%. Although AVAX has technically broken a resistance level that may indicate potential gains, increasing selling pressure poses challenges. Key resistance is noted at $19.81; breaching this could push prices to the $22 range, a 27% increase from the breakout point. Overall, the market exhibits indecision which could hinder AVAX's upward momentum.