BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002957, up 3.50%, trading volume $5.174 billion

According to the analysis of the K-line chart, it is currently in a consolidation trend. Compared to 11:00, it has risen significantly, and has recovered from 04:00, breaking the high point of 07:00. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This divergence phenomenon of volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price increase to sustain. Investors should be wary of the risk of price pullback at high levels and pay attention to whether the trading volume can keep up with the price increase, as well as whether there is new buying interest.
Market heat is low, and trading volume is decreasing. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to operate cautiously, pay attention to changes in trading volume, and avoid blindly entering the market.

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

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