BOSS Wallet data source, Shiba Inu today's price, SHIB latest price broke through $0.000025343, an increase of 2.02%, trading volume $1.822 billion
According to the analysis of the K-line chart, it is now in a volatile trend. It has risen significantly compared to 13:00, rebounded compared to 06:00, and fallen compared to 08:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases and the price rises. According to the Williams indicator, the current market state is overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakening.

The upward momentum has weakened, so it is recommended to wait and see, be alert to the risk of price decline, and pay attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.

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