BOSS Wallet data source, Avalanche real-time price trend, AVAX's latest price today reached $52.66, with an increase of 3.01%, and a trading volume of $3.372 billion

Analysis of the K-line chart shows that the current trend is volatile. Compared to 22:00, there has been a significant drop, a slight recovery from 17:00, and a decrease from 21:00. When the price rises while the trading volume declines, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for the price increase to sustain, and there is a risk of a pullback from high levels. Investors should pay attention to whether the trading volume can support the price increase and whether there are new buyers entering the market.
Market sentiment is low, and trading volume is decreasing. Based on the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with volume down compared to the previous few hours, while the price has risen and volume has declined: upward momentum is weakening.
Market upward momentum is weakening, it is advised to operate cautiously, pay attention to changes in trading volume, and avoid entering the market blindly.

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

#AVAX