AWE faces major sell-off as Binance traders ramp up: Is another price drop ahead?

Awe Network [AWE] recorded a massive decline in the past day, which, according to CoinMarketCap, brought the asset’s market capitalization down 14% to $124.13 million at press time. The decline remains a cause for concern, as Sentiment data remained highly positive, with a reading of 6.00 on the chart. Further market analysis points to the possibility that AWE’s drawdown may not have ended yet, and that the asset still has the tendency to move lower from its present level. Binance traders drive selling pressure The Long/Short Ratio warned that short volume dominated at the time of writing. A ratio above 1 implies that there is more long volume, while a reading below 1 suggests that there are more short sellers in the market.

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