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AVAX price reaches $37.18 per coin, up 3.02% on the day

AVAX price reaches $37.18 per coin, up 3.02% on the day

Bitget2024/12/23 17:38

Avalanche today's market news, AVAX latest price: $37.18, down -0.215% in 24 hours, trading volume $614 million Based on the results of the k-chart analysis, it is now in an oscillating trend. It is down sharply from 13:00, penetrated the low of 14:00 and is down from 09:00. When prices fall and volume rises, it usually means that selling pressure in the market has increased and sellers are selling aggressively. This can happen because the market has become pessimistic in its expectations of future prices or has been affected by some negative news, leading to panic selling. Prices may continue to fall in the future as selling pressure is high and market sentiment is pessimistic. Investors should be wary of prices breaking below key support levels, which, if breached, could trigger a sharper decline. Oversold condition, active market, price downside. According to the Williams indicator, the current market state is oversold. Recent increase in trading volume, trading volume is higher than in the previous hours, price is falling, trading volume is rising: selling pressure is increasing. The rise may be due to a short-term rebound after the market became oversold, it is recommended to continue to reduce positions and pay attention to key support levels. The above is for reference only and does not constitute investment advice.

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