BOSS Wallet data source, Avalanche real-time price trends, the latest price of AVAX today reached $46.75, with an increase of 3.04%, and a trading volume of $2.076 billion.

By studying the candlestick chart, it is currently in a consolidation trend. Compared to 10:00, it has slightly increased, compared to 09:00, it has slightly decreased, and it is down from 03:00. The price is decreasing but the trading volume is increasing, which usually indicates increased selling pressure and active selling by sellers.
This may be due to the market's pessimistic attitude towards future prices, or negative news triggering panic selling. In this case, future prices may continue to decline, as there is significant selling pressure and a pessimistic market sentiment. Investors should be cautious about whether prices will break through key support levels; if the support level is breached, it may lead to a larger decline.
In a consolidation trend, trading volume is increasing while prices are falling. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has increased, with trading volume increasing compared to the previous few hours, and prices are falling while trading volume is rising: increased selling pressure.

Market sentiment is pessimistic, selling pressure is increasing, and it is advisable to remain cautious and alert to potential breaks below support levels.

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

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