BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price has broken through to $0.00002165, an increase of 2.03%, trading volume $507 million

Based on candlestick chart analysis, the current trend is oscillating. Compared to 17:00, it has risen significantly, rebounding from 14:00, and has decreased from 12:00. When prices rise while trading volume decreases, it usually means that market upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to a lack of volume support, it is difficult for price increases to sustain, and there is a risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buyers are entering the market.
Trading volume decreases while price rises. The Williams indicator shows that the current market state is neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in the previous few hours, while prices have risen: upward momentum is weakening.

Upward momentum is weakening; it is recommended to wait and see until the market direction is clear before making decisions.

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

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