BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price has risen to $0.00002304, an increase of 3.50%, trading volume $466 million

According to the candlestick chart analysis, it is currently in a sideways trend. Slightly up compared to 08:00, slightly down compared to 09:00, and has rebounded compared to 07:00. Price is rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This divergence phenomenon between price and volume 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 price increases to be sustained. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently in a state of neither overbought nor oversold. Recent trading volume has decreased, trading volume has reduced compared to the previous few hours, with price rising and trading volume falling: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to operate cautiously and pay attention to changes in trading volume and new buying interest.

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

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