BOSS Wallet data source, latest price news for Avalanche, AVAX real-time price increased by 3.58% to $36.41, trading volume $247 million

According to the candlestick chart, it is currently in a volatile trend. Compared to 13:00, there was a significant decline, but there has been a recovery since 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 divergence between price and volume is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for price increases to sustain. Investors should be alert to the risk of price retreats at high levels and pay attention to whether trading volume can keep up with price increases, as well as whether new buying interest emerges.
The market is lukewarm, and trading volume is decreasing. The Williams indicator shows that it is currently in the overbought territory. Recent trading volume has decreased, with volume reduced compared to the previous hours, while the price has risen and volume has declined: upward momentum is weakening.
Upward momentum is weakening, it is advisable to operate cautiously, pay attention to subsequent changes in volume, and be wary of the risk of price pullbacks.

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

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