BOSS Wallet data source, Avalanche today's price trend, AVAX latest price has risen to $48.21, an increase of 3.12%, trading volume $2.172 billion

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 10:00, it has risen significantly, but has decreased compared to 03:00. When the price rises while trading volume decreases, it usually indicates a weakening of upward momentum in the market and a reduction in the number of buyers.
This divergence phenomenon between price and volume is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and caution is needed for the risk of a high-level pullback. Investors should pay attention to whether trading volume can support the price increase and whether new buyers are entering the market.
Trading volume decreases while price rises. According to the Williams indicator, the current market state shows no overbought or oversold conditions. Recently, trading volume has decreased, with trading volume lower than in previous hours, while price has risen, resulting in declining upward momentum.

Upward momentum is weakening; it is recommended to wait and make decisions after the market direction becomes clear.

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

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