BOSS Wallet data source, Avalanche today's price trend, AVAX latest price breaks to $52.4, an increase of 3.54%, trading volume $3.28 billion

From the analysis of the K-line chart, the current trend is oscillating. Slightly up compared to 20:00, slightly down compared to 21:00, and a rebound compared to 17:00. The price is rising but trading volume is decreasing, which usually indicates a weakening momentum in the market's rise and a reduction in the number of buyers.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a decline from high levels and monitor whether trading volume can keep up with price increases, as well as whether new buying interest appears.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently in the overbought zone. Recent trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and volume is declining: the upward momentum is weakening.
Market upward momentum is weakening, it is recommended to operate cautiously, pay attention to changes in trading volume, and beware of the risk of a decline from high levels.

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

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