BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.00002211, up 3.754% in 24 hours, trading volume $345 million

After analyzing the candlestick chart, it is currently in a fluctuating trend with a slight rise compared to 22:00, a slight decline compared to 21:00, a recovery compared to 14:00, and a decrease compared to 19:00. A simultaneous rise in price and trading volume typically indicates strong buying support in the market.
Buyers are willing to engage in large transactions at higher prices, indicating optimistic market sentiment and strong bullish sentiment. In this case, future prices may continue to rise as market momentum is strong and buying continues to increase. Investors should pay attention to the breakout of key resistance levels; if prices can consistently break through and stabilize at higher levels, it suggests the continuation of an upward trend.
Price and trading volume are rising simultaneously, and market sentiment is high. According to the Williams indicator, it is currently in the overbought territory. Recent trading volume has increased, with trading volume rising compared to the previous hours, and both price and trading volume are up: trading is active and upward momentum is strong.

Market sentiment is optimistic, and the upward trend may continue. It is advisable to consider increasing positions while being mindful of market volatility and monitoring the breakout of key resistance levels.

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