BOSS Wallet data source, latest price news for Avalanche, AVAX real-time price up 3.51% to $47.23, trading volume $2.093 billion

According to the analysis results of the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 10:00, slightly down compared to 09:00, and decreased from 03:00. When the price declines while trading volume increases, it often indicates that selling pressure is increasing, and sellers are actively selling.
This situation may stem from the market's pessimistic expectations for future prices or be influenced by negative news, triggering panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment. Investors should pay attention to whether the price will break through key support levels; if the support level is breached, it may trigger a larger decline.
Trading volume is rising, price is falling, and selling pressure is significant. According to the Williams indicator, there is currently no overbought or oversold condition. Recent trading volume has increased, with volume rising compared to the previous few hours, and price declining while volume increases: selling pressure is increasing.

Market sentiment is pessimistic, selling pressure is increasing, but prices are rising. It is recommended to operate cautiously and pay attention to key support levels.

The above content is for reference only and does not constitute investment advice.

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