BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price increased by 3.51% to $0.00002239, trading volume $311 million

From the analysis of the candlestick chart, it can be seen that it is currently in a consolidation trend. Compared to a sharp decline at 14:00, it has rebounded compared to 10:00. 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 rise in price may be due to a lack of selling pressure, considered to be 'volume-less rise'. In this situation, future prices may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution should be taken regarding the risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, price has risen while trading volume has fallen: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and be alert to the risk of price retracement.

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

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