BOSS Wallet data source, Avalanche today's market news, AVAX latest price: $41.77, up 4.95% in 24 hours, transaction volume $532 million

According to the K-line chart analysis, the current trend is oscillating. It is slightly higher than 13:00, slightly lower than 12:00, higher than 07:00, and lower than 09:00. Rising prices but falling trading volume 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 due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is any new buying intervention. The market activity is low and the momentum is weakening. According to the Williams indicator, it is currently overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakening.

The upward momentum has weakened and there may be a risk of a correction. It is recommended to operate with caution and pay attention to changes in trading volume and market sentiment.

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

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