BOSS Wallet data source, Avalanche today's price trend, AVAX latest price breaks to $44.13, up 3.50%, trading volume $604 million

Based on K-line chart analysis, it is currently a volatile trend. Slightly up compared to 12:00, slightly down compared to 11:00, and has rebounded compared to 07:00. When the price rises while trading volume decreases, it usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This volume-price divergence phenomenon is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
In a volatile trend, trading volume decreases while price rises. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price rises and trading volume decreases: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe, be wary of high-level pullback risks, and pay attention to changes in trading volume and new buying interest.

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

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