BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price increased by 2.04% to $0.00002904, trading volume $1.885 billion

Based on candlestick chart analysis, the current trend is volatile. Compared to 23:00, there was a significant rise, breaking through the high of 16:00. The price has risen but trading volume has decreased, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, considered to be a 'no-volume rise.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, the price increase may be difficult to sustain, and caution should be exercised regarding the risk of price retreating at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase, and whether new buying interest is entering the market. Market activity is low, and momentum is weakening. The Williams indicator shows that the current market is in the overbought territory. Recently, trading volume has decreased; trading volume is down compared to a few hours ago, with prices rising and trading volume declining: upward momentum is weakening.

Upward momentum is weakening, be cautious of price pullback risks, it is advisable to remain vigilant and pay attention to market sentiment and changes in trading volume.

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

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