BOSS Wallet data source, latest price news from Avalanche, AVAX real-time price rose 3.02% to $51.12, trading volume $2.894 billion

By analyzing the candlestick chart, it is currently in a consolidation trend. Compared to 18:00, it has risen significantly, rebounding from 11:00, but has decreased from 15:00. When the price rises while trading volume decreases, it usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This phenomenon of volume-price divergence is usually due to a lack of sell orders. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for price increases to sustain, and caution should be taken regarding the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently neither overbought nor oversold. Recent trading volume has decreased, with trading volume reduced compared to previous hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, suggesting a cautious wait-and-see approach, focusing on volume-price coordination and new buying conditions, waiting for market sentiment to recover.

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

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