Coin World Real-Time Market Morning Report: AVAX price breaks through $48.88/unit, rising 3.60% within the day.

BOSS Wallet data source, Avalanche today’s market news, AVAX latest price: $48.88, rise 9.38% in 24 hours, volume $27.9 billion.

By studying the Candlestick Chart, it is currently in a oscillating trend. Compared to a significant pump at 18:00, it has rebounded from 11:00 but declined from 15:00. When the price rises but the volume decreases, it usually means that the pump momentum in the market is weakening and the number of buyers is decreasing. This phenomenon of divergence between volume and price is usually caused by a lack of sell orders. In this context, the future price may experience a pullback or Sideways consolidation, as the lack of support from volume makes it difficult for the price to pump sustainably. Investors should be vigilant about the risk of price pullback from high levels, and follow whether the volume can keep up with the price pump, as well as whether there are new buy orders entering. The volume is decreasing, and the price is rising. The Williams indicator indicates that there is currently no Overbought and Oversold. The recent decrease in volume, compared to the previous few hours, has led to a rise in price, and the decreasing volume indicates a weakening of the pump momentum. The upward momentum is weakening. It is recommended to stay on the sidelines and follow the subsequent changes in volume and price, as well as the situation of new capital intervention.

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