BOSS Wallet data source, Shiba Inu latest price news, SHIB real-time price rises 2.03% to $0.00002309, trading volume $620 million

According to the candlestick chart analysis, it is currently in a volatile trend. Compared to 10:00, there has been a significant increase, but a decline from 05:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually caused by a lack of selling pressure. In this context, future prices may experience a correction or consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of price retreats at high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest comes in.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently in a range that is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices have risen, indicating diminishing upward momentum.

The upward momentum in the market is weakening, and it is advisable to operate cautiously, focusing on changes in trading volume and the situation of new buying interest.

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

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