BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.00002349, up 2.981% in 24 hours, transaction volume $493 million

According to the analysis of the K-line chart, it is now in a volatile trend. It is slightly higher than 10:00, slightly lower than 11:00, and higher than 07:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Overbought condition, decreasing trading volume, rising prices. The Williams indicator indicates that we are currently in an overbought phase. Recently, trading volume has decreased, with volume lower than in the previous hours, and prices rising; decreasing volume indicates weakening upward momentum.

Weakening upward momentum, or a possible pullback; it is recommended to wait and observe, paying attention to trading volume and new buying interest.

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

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