BOSS Wallet data source, Shiba Inu real-time price trend, today's latest price of SHIB has reached $0.00003011, with an increase of up to 2.03%, trading volume $4.592 billion

From the analysis of the candlestick chart, the current trend is volatile. Compared to 08:00, there was a significant drop, breaking through the low of 09:00, and a decrease compared to 01:00. The price is declining but the trading volume is increasing, which usually indicates increased selling pressure, with sellers actively unloading.
This may be due to the market's pessimistic outlook on future prices, or negative news triggering panic selling. In this case, future prices may continue to decline, as selling pressure is high and market sentiment is pessimistic. Investors should be cautious about whether prices will break key support levels, as a break of support could lead to a larger decline.
In a volatile trend, trading volume increases while prices decrease. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has increased compared to the previous few hours, with prices declining and trading volume rising: increased selling pressure.

Market performance does not meet expectations, there may be other factors at play, it is recommended to continue observing and pay attention to subsequent trends.

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

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