BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price has broken through to $0.00002163, an increase of 2.03%, trading volume $631 million

Observing the candlestick chart, it is currently in a fluctuation trend. Slightly up compared to 13:00, slightly down compared to 12:00, rebounded compared to 07:00, and declined compared to 05:00. When the price drops while trading volume rises, it usually indicates increased selling pressure in the market, with sellers actively selling.
This situation may be due to the market becoming pessimistic about future prices, or being influenced by some negative news, leading to panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment.
Investors should be cautious about whether prices will break key support levels. If the support level is breached, it may trigger a larger decline. Prices are falling, and selling pressure is increasing. The Williams indicator indicates that it is currently neither overbought nor oversold.
Recently, trading volume has increased, trading volume has risen compared to previous hours, while prices have fallen, leading to increased selling pressure.
Market sentiment remains pessimistic, selling pressure is increasing, and it is advisable to hold positions cautiously and pay attention to key support levels.

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

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