BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002987, up 2.02%, trading volume $4.764 billion

After analyzing the K-line chart, it is currently in a consolidation trend, significantly up compared to 12:00, rebounding from 08:00, breaking through the high point of 13:00. Price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and fewer buyers.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be cautious of the risk of a high-level retreat and pay attention to whether trading volume can keep up with price increases and whether there is new buying activity.
Trading volume decreases while price rises. The Williams indicator shows that the current market state is neither overbought nor oversold. Recent trading volume has decreased, trading volume has decreased compared to the previous few hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening; it is recommended to observe and pay attention to changes in trading volume and new buying activity.

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

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