Avalanche [AVAX] has rallied by 5.95% in the past 24 hours. It was one of the few tokens in the top 50 crypto assets by market capitalization that have made noticeable gains in recent trading sessions. However, the altcoin’s daily trading volume was down by nearly 8%. This was a sign that Spot buying was not as strong as the bulls would want it to be. The fragile bounce was accompanied by only a 3.3% increase in Open Interest.