BOSS Wallet data source, Shiba Inu real-time price行情, SHIB today's latest price reaches $0.00002162, a rise of up to 2.03%, trading volume $535 million

Based on the analysis results of the candlestick chart, it is currently in a volatile trend. Compared to 16:00, there has been a significant drop, but it has rebounded compared to 13:00. 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 phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, the future price may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be wary of the risk of a high-level retreat and pay attention to whether the trading volume can keep up with the price rise, and whether new buying pressure emerges.
In a volatile trend, trading volume decreases while price rises. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down from a few hours ago while the price rises and volume declines: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to remain cautious and be aware of the risk of price pullbacks.

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

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