BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002385, an increase of 3.52%, trading volume $516 million

Through K-line chart analysis, currently in a volatile trend. Slightly up compared to 10:00, slightly down compared to 11:00, and has rebounded compared to 07:00. Price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to a lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price pullbacks 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. Market enthusiasm is low, and trading volume is decreasing. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, trading volume has reduced compared to the previous few hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, beware of price pullbacks, it is recommended to operate cautiously and pay attention to changes in trading volume.

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

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