BOSS Wallet data source, Avalanche today's price trend, AVAX latest price has risen to $41.89, an increase of 3.05%, trading volume $787 million

After analyzing the candlestick chart, it was found that the market is currently in a consolidation trend. Compared to 13:00, there was a significant decline, but there has been some recovery since 07:00. The simultaneous rise in price and trading volume is a sign of strong buying pressure in the market, indicating that buyers are willing to trade in large quantities at higher prices, reflecting optimistic market sentiment and strong bullish sentiment.
In this situation, prices are expected to continue to rise due to strong market momentum and sustained buying pressure. Investors are advised to pay attention to the breakthrough of key resistance levels; if prices can consistently break through and stabilize at higher levels, it will confirm the continuation of the upward trend.
Overbought condition, active market, strong upward momentum. According to the Williams indicator, the current situation is overbought. Recent trading volume has increased, with trading volume rising compared to previous hours, and both price and trading volume are increasing: trading is active, and upward momentum is strong.

Strong buying pressure in the market indicates that the upward trend is likely to continue; short-term investors are advised to appropriately increase their positions.

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

#AVAX