BOSS Wallet data source, latest price news for Shiba Inu, SHIB real-time price rises 2.01% to $0.00002846, trading volume $1.726 billion

Analysis through candlestick chart indicates that it is currently in a consolidation trend. Compared to 23:00, there is a significant increase, breaking the high point of 16:00. When the price rises while trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of sell orders. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to sustain its upward trend, and one should be cautious of the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and if new buying orders are entering the market.
In a consolidation trend, trading volume decreases while price rises. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume declining compared to the previous few hours while the price rises; upward momentum is weakening.

Market's upward momentum is weakening, it is recommended to remain cautious and pay attention to changes in trading volume and the situation of new buying orders.

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

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