BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price increased by 2.02% to $0.00002985, trading volume $3.847 billion

By studying the candlestick chart, it is currently in a consolidation trend. Compared to 21:00, there has been a significant increase, and there is a recovery from 17:00, breaking the high point of 15:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of upward momentum and a reduction in the number of buyers.
This divergence phenomenon between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it may be difficult for the price to sustain its rise, and investors should be cautious of the risk of price pullback at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering. Decreased trading volume with rising prices. The Williams indicator shows that the current market is neither overbought nor oversold. Recently, trading volume has decreased, and the volume is lower than in previous hours while prices are rising; this indicates weakening upward momentum.

Weakening upward momentum, it is recommended to wait and observe changes in trading volume and the situation of new buyers entering.

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

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