BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price has risen by 2.07% to $0.00003258, trading volume $8.027 billion

After analyzing the candlestick chart, it was found that it is currently in a consolidation trend. Compared to the significant drop at 21:00, it broke the low of 20:00 and has decreased compared to 14:00. When the price drops while trading volume increases, it often indicates that selling pressure is increasing and sellers are actively selling.
This situation may stem from the market's pessimistic expectations for future prices or is influenced by negative news, triggering panic selling. Future prices may continue to decline due to high selling pressure and pessimistic market sentiment. Investors should pay attention to whether the price will break through key support levels; if the support level is breached, it may trigger a larger decline.
Price is going down, and selling pressure is increasing. The Williams indicator indicates that there is currently no overbought or oversold condition. Recently, trading volume has increased, and the trading volume has risen compared to the previous few hours; as the price decreases, the trading volume rises: selling pressure increases.
The rise may be a short-term rebound; it is recommended to continue to hold cautiously, pay attention to key support levels, and avoid blindly increasing positions.

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

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