BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.00003136, 24-hour increase 21.88%, trading volume $4.742 billion

According to the analysis of the K-line chart, it is currently in a volatile trend. Compared to 10:00, there has been a significant increase, but a decrease compared to 05:00. The price has risen but the trading volume has decreased, which typically 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 may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest.
In a volatile trend, trading volume decreases while prices rise. The Williams indicator indicates that it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than in previous hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, continue to observe, pay attention to changes in trading volume, and be wary of high-level pullback risks.

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

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