BOSS Wallet data source, latest price news from Avalanche, AVAX real-time price increased by 3.02% to $51.12, trading volume $2.894 billion

By analyzing the candlestick chart, it is currently a fluctuating trend. Compared to 18:00, it has risen significantly, has rebounded compared to 11:00, and has declined compared to 15:00. When prices rise while trading volume decreases, it usually means that the upward momentum in the market is weakening and the number of buyers is reducing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to maintain their upward trend, and there is a need to be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Market activity is low, and momentum is weakening. According to the Williams Indicator, it is currently neither overbought nor oversold. Recent trading volume has decreased, trading volume has dropped compared to a few hours ago, while prices have risen and trading volume has decreased: upward momentum is weakening.

Upward momentum is weakening, it is advisable to be cautious and observe the relationship between volume and price, as well as the situation of new buying, and wait for market sentiment to recover.

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

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