CoinWorld real-time market morning report: AVAX price breaks through $52.66 per coin, rising 3.01% within the day

BOSS Wallet data source, Avalanche real-time price quotes, the latest price of AVAX today reached $52.66, an increase of up to 3.01%, volume$33.72 billion

Based on the analysis of the candlestick chart, it is currently in a oscillating trend. Compared to a significant drop at 22:00, it has rebounded slightly from 17:00 and declined compared to 21:00. When the price rises and the volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing. This volume-price divergence phenomenon is usually due to a lack of selling pressure. In this case, the future price may pullback or consolidate sideways. Due to the lack of volume support, the price pump is difficult to sustain, and the risk of a high-level pullback should be vigilant. Investors should follow whether the volume can cooperate with the price pump and whether new buying pressure enters the market. The market has low volume. According to the Williams indicator, it is currently considered Overbought. Recently, the volume has decreased, with a decrease in volume compared to the previous few hours. The price has risen, and the volume has decreased: the pump momentum has weakened. The market's upward momentum is weakening. It is recommended to proceed with caution and follow the changes in volume to avoid blindly getting on board.

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