BOSS Wallet data source, Avalanche current price trend, AVAX latest price has broken to $37.51, an increase of 3.02%, trading volume $716 million

By studying the candlestick chart, the market is currently in a consolidation trend. Compared to the significant drop at 15:00, it broke the low of 16:00 and has decreased from 14:00. Both price and trading volume are declining, which usually indicates a decrease in market activity, with both buyers and sellers being inactive.
The market may be in a wait-and-see mode, waiting for new driving factors. In this case, future prices may continue to be sluggish or range-bound until new market news or events break the deadlock. Investors should closely monitor market changes and events that may trigger price fluctuations.
Trading volume is decreasing, with price and trading volume declining in tandem. The Williams indicator indicates that the current phase lacks overbought and oversold conditions. Recently, trading volume has decreased, with volume lower than in previous hours, and price and trading volume declining simultaneously: the market is quiet, and trading is inactive.

The upward trend may be a short-term fluctuation; it is recommended to continue observing and pay attention to subsequent market changes.

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

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