BOSS Wallet data source, real-time price of Avalanche, the latest price of AVAX today reached $40.34, with an increase of 3.09%, and a trading volume of $432 million.

According to the analysis of the candlestick chart, it is currently in a fluctuating trend. Compared to 07:00, there has been a significant increase, with a recovery compared to 06:00, breaking through the high point of 08:00. When the price rises but the trading volume declines, 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 caused by a lack of selling pressure. In this context, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
Trading volume decreases while price rises. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with volume down compared to previous hours, while price rises and volume declines: upward momentum is weakening.
Market momentum is weakening, and the rise may be difficult to sustain. It is advisable to remain cautious and be alert to the risk of pullbacks at high levels.

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

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