BOSS Wallet data source, Shiba Inu real-time price trend, the latest price of SHIB today reached $0.0000331, with an increase of up to 3.66%, trading volume $5.901 billion

Based on the analysis of the candlestick chart, the current trend is oscillating with a slight increase compared to 12:00, a slight decrease compared to 13:00, and a rebound compared to 10:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of sell orders. In this context, future prices may experience a pullback or sideways consolidation, as the lack of support from trading volume makes it difficult for the price to sustain its rise. Investors should be wary of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering the market.
Overbought condition, decreasing trading volume, rising prices. According to the Williams indicator, it is currently in an overbought state. Recent trading volume has decreased, trading volume has reduced compared to the previous hours, with rising prices and declining trading volume: upward momentum is weakening.

Upward momentum is weakening, a pullback or sideways movement may occur, it is recommended to observe and wait for market direction to become clear.

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

#SHIB