BOSS Wallet data source, latest price news for Avalanche, AVAX real-time price rises 3.52% to $37.68, trading volume $311 million

According to the analysis of the candlestick chart, the market is currently in a consolidation trend. Compared to 14:00, there has been a significant decline, but a recovery from 07:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be wary of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
Market activity is low, and momentum is weakening. According to the Williams indicator, the market is currently in an overbought state. Recent trading volume has decreased, with trading volume down compared to previous hours, while the price rises and trading volume declines: upward momentum is weakening.
Market upward momentum is weakening; it is advisable to remain cautious and pay attention to changes in trading volume, being alert to the risk of price retracement.


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

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