BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price breaks to $0.00002263, an increase of 2.03%, trading volume $595 million

According to the analysis results of the k-line chart, it is currently in a volatile trend. Compared to 10:00, it has increased significantly, but decreased compared to 05:00. When the price rises while the trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this situation, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to sustain an increase, and one should be alert to the risk of a pullback from high levels. Investors should pay attention to whether the trading volume can support the price increase, and whether new buying pressure is entering the market.
Market activity is low, and trading volume is decreasing. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with trading volume down compared to the previous hours, while the price has risen and trading volume has declined: upward momentum is weakening.

Upward momentum is weakening, be cautious of pullback risks, and it is recommended that investors 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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