BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.00002928, up 3.39% in 24 hours, trading volume $5.415 billion

According to the analysis of the K-line chart, it is currently in a consolidation trend. It has significantly increased compared to 11:00, rebounded from 04:00, and broken through the high point of 07:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This divergence in volume and price may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for the price to continue rising. Investors should be cautious of the risk of a pullback from high levels and pay attention to whether trading volume can keep up with the price increase and if there are new buying interests.
Decreased trading volume and rising prices. According to the Williams indicator, it is currently 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 decreasing: upward momentum is weakening.

Upward momentum is weakening, suggest to watch and pay attention to changes in trading volume and new buying interests.

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

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