BOSS Wallet data source, Avalanche today's market news, latest AVAX price: $45.85, 24-hour increase 2.6%, trading volume $747 million

By analyzing the candlestick chart, it is currently a volatile trend. Compared to 22:00, it has risen significantly, but has decreased compared to 15:00. The price is rising but trading volume is decreasing, which usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This divergence phenomenon between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of a high position retreat and pay attention to whether the trading volume can keep up with the price rise, as well as whether new buying interest enters.
The market activity is low, and momentum is weakening. The Williams indicator shows that the current state is overbought. Recent trading volume has decreased, trading volume is down compared to the previous few hours, price is rising, and trading volume is decreasing: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to remain cautious, pay attention to trading volume and new buying interest, and be alert to the risk of a high position retreat.

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

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