BOSS Wallet data source, Avalanche today's market news, AVAX latest price: $36.96, up 2.212% in 24 hours, trading volume $475 million

After studying the candlestick chart, it is currently in a consolidation trend. Compared to 10:00, it has significantly declined, has rebounded from 03:00, and has decreased from 09:00. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to continue rising. Investors should be wary of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest emerges.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current state is neither overbought nor oversold. Recently, trading volume has decreased, with volume declining compared to the previous hours, while the price has risen with decreasing volume: the upward momentum is weakening.

Upward momentum is weakening, or facing a pullback; it is advised to be cautious and observant until market sentiment recovers.

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

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