AVAX Shows Short-Term Bullish Momentum with High Buying Volume Amid Slight Volatility

In my current analysis of the AVAX/USDT trading data, I observe a substantial buying volume of 1.910 million units over the last 50 seconds, with a significant 78% of this volume being buy orders amounting to 1.499 million USDT. The selling volume is notably lower at 22%, totaling 410.690K USDT. The current price has increased slightly from 22.199 to 22.352, representing a 0.7% rise. Over the past 24 hours, the AVAX/USDT pair has experienced a slight overall increase of 1.375%, but shorter-term movements show some volatility, with a 4-hour decline of 1.39% and a 1-hour decline of approximately 1.13%. The 24-hour trading volume is substantial at approximately 233.5 million USDT, with buy orders constituting about 48% of this volume, indicating a somewhat balanced but slightly bullish market sentiment. Net volume changes over 15 minutes, 1 hour, and 4 hours point toward recent decreasing activity, with declines of 13%, 14%, and 2%, respectively. This overall trend suggests that while there is notable buying interest recently, short-term momentum might be waning slightly, possibly indicating a pause or consolidation phase. The alerts registered indicate minimal activity in terms of significant trading signals over the last 24 and 4 hours, implying steady but cautious trading behavior among market participants. Overall, the data suggests a cautiously optimistic outlook with recent bullish price movement supported by high buying volume, yet with signs of slight short-term volatility and stabilization.