BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.000025775, up 1.28% in 24 hours, transaction volume $1.822 billion
According to the analysis of the K-line chart, the current trend is oscillating. It has risen significantly compared to 18:00, rebounded compared to 15:00, and broke through the high point of 11:00. The price rises but the trading volume decreases, which usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases and the price rises. The Williams indicator shows that it is currently overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened, so be alert to the risk of a decline. It is recommended to wait and see and pay attention to trading volume and new buying.
The above content is for reference only and does not constitute investment advice.

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