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AVAX price reaches $39.56 per coin, up 3.51% on the day

AVAX price reaches $39.56 per coin, up 3.51% on the day

Bitget2024/12/20 22:20
AVAX+3.10%

Avalanche today's market news, AVAX latest price: $39.56, up 2.302% in 24 hours, with a trading volume of $1,424 million According to the k-chart, it is currently in an oscillating trend. It is slightly up compared to 16:00, slightly down compared to 17:00 and recovered from 09:00. When prices rise but trading volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing. This volume-price divergence is usually due to a lack of selling. Against this backdrop, prices may retrace or consolidate sideways in the future as the lack of volume support makes it difficult to sustain price rises. Investors should be wary of the risk of a price pullback at higher levels and keep an eye on whether trading volume can keep up with the price rise and whether new buyers are stepping in. Overbought condition, trading volume decreases and price rises. The Williams indicator shows that the current state is overbought. The volume of trading has decreased recently, the volume of trading is lower than in the previous hours, the price is rising, the volume of trading is falling: the upward momentum is weakening. Upward momentum is weakening, possible retracement or sideways trading, we recommend to wait and see, waiting for the market direction to be clear. The above is for reference only and does not constitute investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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