BOSS Wallet data source, latest price news for Avalanche, AVAX real-time price rises 3.03% to $38.14, trading volume $315 million

Through the analysis of the candlestick chart, the current trend is fluctuating. Slightly up compared to 20:00, slightly down compared to 19:00, rebounding compared to 12:00, and decreasing compared to 14:00. Prices are rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to a lack of selling pressure. In this case, future prices may experience a pullback or consolidation, as the lack of trading volume makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest emerges.
Overbought condition, decreasing trading volume, rising prices. The Williams indicator shows that the current market is in an overbought state. Recently, trading volume has decreased, with trading volume down compared to the previous few hours, while prices are rising and trading volume is declining: upward momentum is weakening.

The upward momentum in the market is weakening, it is recommended to wait and see, and make decisions after the market direction is clear.

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

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