BOSS Wallet data source, Avalanche today's market news, latest AVAX price: $42.72, 24-hour increase 2.618%, trading volume $442 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 18:00, there has been a significant increase, a recovery from 16:00, and a breakthrough of the 14:00 high. When the price rises while 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 divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for prices to sustain an upward trend, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether the trading volume can match the price increase and whether new buying pressure is entering the market.
Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently in an overbought state. Recent trading volume has decreased, trading volume has decreased compared to the previous few hours, price has risen, and trading volume has declined: upward momentum is weakening.
Upward momentum is weakening, market activity is low, it is advisable to remain cautious and pay attention to trading volume and new buying pressure.

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

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