BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002263, an increase of 2.03%, trading volume $595 million

According to the K-line chart analysis, it is currently in a consolidation trend. Compared to 10:00, it has significantly increased, but has decreased compared to 05:00. When the price rises while trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it is difficult for prices to sustain increases, and the risk of a high-level pullback should be monitored. Investors should pay attention to whether the trading volume can support the price increase and whether new buying pressure is entering the market.
Market activity is low, and trading volume has decreased. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with a reduction compared to the previous hours, while prices are rising and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, be cautious of pullback risks, and it is advisable for investors to operate cautiously and pay attention to changes in trading volume.

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

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