AVAX

The current price action shows a weakening trend. While the overall trend is bullish, the recent 1-minute candle data reveals a short-term bearish bias. The price has been declining in the recent 1-minute candles, with the closing prices generally below the opening prices. Volume has been relatively high on the down candles indicating selling pressure, especially in candles 3 and 4 of the 1-minute data. The 5-minute candle data suggests a consolidation phase with lower highs and lower lows. The current price is trading below the 24h high, indicating potential for further downside movement. The fact that price has been declining since 21:00 hints on sellers taking control of the market.