Coin World News Real-time Market Morning Report: AVAX price breaks $37.63/coin, rising 3.07% within the day.

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BOSS Wallet data source, Avalanche real-time price quotes, the latest price of AVAX today reached $37.63, with a high increase of 3.07%, volume $12.98 billion

After analyzing the k-line chart, it is currently in a oscillating trend. Compared to a significant increase at 18:00, it has rebounded from 17:00 and decreased from 11:00. The price is falling but the volume is rising, usually indicating increased selling pressure and active selling by sellers. This may be due to the market's pessimistic outlook on future prices, or negative news triggering panic selling. In this case, future prices may continue to decline due to the large selling pressure and pessimistic market sentiment. Investors should be alert to whether the price will fall below the key support level. If the support level is broken, it may lead to a larger decline. The market is hot, but the price is falling. According to the Williams indicator, it is currently neither overbought nor oversold. The volume has recently increased, with a higher volume compared to the previous few hours, and the price is falling. With the increased volume, selling pressure is increasing. Market volatility, increased selling pressure but prices rise, recommend caution, focus on support levels and market sentiment.

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

AVAX2.98%
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