AVAX price breaks above $44.84 per coin, up 3.51% on the day

Avalanche price quote for today, AVAX latest price breakout to $44.84, up 3.51%, with a trading volume of $2.046 billion Based on the analysis of the k-chart, it is currently in an oscillating trend. It is more sharply up compared to 18:00, back up compared to 15:00 and down compared to 11:00. When prices rise and trading volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing. This volume-price divergence is usually due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of volume support, price rises are unsustainable and one needs to be wary of the risk of a pullback from higher levels. Investors should keep an eye on the volume to see if it matches the price rise and if new buying enters the market. In an oscillator trend, trading volume decreases and price rises. The Williams Indicator shows that the current market state is not overbought or oversold. The volume of trades has decreased recently, the volume of trades is lower than in the previous hours, the price is rising and the volume of trades is falling: the upward momentum is weakening. The market's upward momentum is weakening and investors are advised to remain on the sidelines and pay attention to changes in trading volume and new buying orders. The above is for reference only and does not constitute investment advice.