BOSS Wallet data source, Avalanche today's market news, latest AVAX price: $49.62, 24-hour increase of 11.03%, trading volume $2.822 billion

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 18:00, there has been a significant increase, a recovery compared to 11:00, and a decline compared to 15:00. When the price rises but trading volume decreases, it usually means that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, prices may experience a correction or sideways consolidation in the future, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of price pullbacks at high levels and monitor whether trading volume can keep pace with price increases, as well as whether new buying interest emerges.
Market activity is low, and momentum is weakening. The Williams indicator indicates that we are currently in a phase without overbought or oversold conditions. Recently, trading volume has decreased, with trading volume reduced compared to previous hours, price rising, and trading volume declining: upward momentum is weakening.

Upward momentum is weakening; it is recommended to stay cautious, monitor volume and price changes, and new buying interest, while waiting for market sentiment to recover.

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

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