BOSS Wallet data source, Shiba Inu today's market news, SHIB latest price: $0.00002302, 24-hour increase 1.454%, trading volume $466 million

After analyzing the candlestick chart, it is found that it is currently in a volatile trend. Slightly up compared to 08:00, slightly down compared to 09:00, and has recovered from 07:00. Although the price is rising, the trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for the price to sustain its upward movement, and investors should be wary of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. Trading volume decreases while price increases. Judging by the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, and the price is rising while trading volume is falling: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe, pay attention to trading volume and new buying interest, and be wary of the risk of price retracement.

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

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