BOSS Wallet data source, Shiba Inu today's price trend, SHIB latest price has broken through to $0.00002165, an increase of 2.03%, trading volume $507 million

Based on candlestick chart analysis, there is currently a consolidation trend. Compared to 17:00, there has been a significant increase, a recovery compared to 14:00, and a decline compared to 12:00. When prices rise while trading volume decreases, it usually indicates a weakening of market bullish momentum and a reduction in the number of buyers.
This phenomenon of divergence between volume and price is typically due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and caution should be exercised regarding the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure is entering the market.
Trading volume is decreasing while prices are rising. The Williams indicator shows that the current market state is neither overbought nor oversold. Recently, trading volume has decreased, lower than in previous hours, while prices are rising and trading volume is declining: bullish momentum is weakening.

Bullish momentum is weakening, it is recommended to wait and see, and make decisions after the market direction is clear.

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

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