BOSS Wallet data source, Avalanche today's market news, latest AVAX price: $37, 24-hour drop -2.811%, trading volume $562 million

Based on candlestick chart analysis, the current trend is volatile. Slightly up compared to 13:00, slightly down compared to 12:00. When the price falls while trading volume rises, 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 support levels are breached, it could trigger a larger decline.
In a volatile trend, trading volume increases while prices decrease. The Williams indicator shows that the current state is neither overbought nor oversold. Recently, trading volume has increased, with volume rising compared to the previous few hours, and prices decreasing; selling pressure is increasing.

The rise may be a temporary rebound; selling pressure remains, it is recommended to continue observing and focus on support levels.

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

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