BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002405, an increase of 2.08%, trading volume $640 million

According to the candlestick chart, the current trend is volatile. Compared to 21:00, there is a significant increase, a recovery compared to 20:00, and a decline compared to 14:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of sell orders, considered as 'upward movement without volume.' In this case, future prices may experience a correction or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and caution should be exercised regarding the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. Overbought state, decreasing trading volume, rising prices. According to the Williams indicator, the current market state is overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices rise and trading volume declines: upward momentum weakens.

Market upward momentum weakens, it is recommended to stay on the sidelines, pay attention to changes in trading volume, and wait for a clear direction.

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

#SHIB