BOSS Wallet data source, Avalanche today's price trend, AVAX latest price has broken through to $37.99, with an increase of 3.01%, trading volume $328 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 20:00, it has dropped significantly, but has rebounded compared to 17:00. When prices rise but trading volume declines, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This divergence between volume and price 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 prices to continue rising. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
Overbought conditions, decreasing trading volume, rising prices. According to the Williams indicator, the current market is overbought. Recently, trading volume has decreased, with volume down compared to a few hours ago, while prices are rising and volume is declining: upward momentum is weakening.

The market is overbought, and upward momentum is weakening. It is advisable to observe and wait for the market direction to become clear before making decisions.

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

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