BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price increased by 3.51% to $0.0000215, trading volume $299 million

From the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 16:00, it has significantly decreased, but has recovered compared to 09:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This divergence phenomenon between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level retracement and pay attention to whether the trading volume can keep up with the price increase, as well as whether new buying interest emerges.
The market activity is low, and momentum is weakening. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with volume falling compared to the previous hours, while prices are rising and trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, it is advisable to remain cautious and pay attention to changes in trading volume, being alert to the risk of high-level retracement.

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

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