BOSS Wallet data source, Avalanche price today, AVAX latest price broke through $41.47, an increase of 3.01%, and the transaction volume was $540 million

According to the K-line chart analysis results, the current trend is oscillating. It has fallen sharply compared to 09:00, rebounded compared to 07:00, and fallen compared to 02:00. The price rises but the trading volume decreases, which usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
Volume decreases, price increases. Williams indicator shows that the current market state is overbought. The volume has decreased recently, and the volume is less than in the previous hours. The price increases, and the volume decreases: the upward momentum is weakening.
The market's upward momentum has weakened. It is recommended to wait and see and be alert to the risk of falling back from highs.

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

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