BOSS Wallet data source, Avalanche real-time price quotes, AVAX today's latest price reached $36.95, with an increase of 3.10%, trading volume $609 million

According to the K-line chart analysis, it is currently in a volatile trend. Compared to 16:00, there has been a significant rise, a recovery compared to 14:00, and a decline compared to 09:00. The price is rising but the trading volume is decreasing, which typically indicates weakening upward momentum in the market and a reduction in the number of buyers.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, price increases may be hard to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether new buying interest is entering. Trading volume decreases while price rises. The Williams indicator shows that it is an overbought moment. Recently, trading volume has decreased, the volume has dropped compared to previous hours, while price rises, and volume declines: upward momentum is weakening.

Market momentum is weakening, and the upward trend is hard to sustain. It is advisable to wait and observe, focusing on trading volume and new buying interest.

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

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