Coin World real-time market morning report: SHIB price broke through 0.00002985 dollars/each, rise 2.02% within the day

BOSS Wallet data source, the latest price information for Shiba Inu, SHIB real-time price pump2.02% to $0.00002985, volume $38.47 billion

By studying the candlestick chart, it is now in a oscillating trend. Compared to a significant pump at 21:00, there is a rebound compared to 17:00, breaking through the high point of 15:00. The price rises but the volume decreases, which usually means that the pumping momentum of the market weakens and the number of buyers decreases. This volume-price divergence phenomenon may be due to insufficient selling pressure. In this case, the future price may pullback or Sideways. Due to the lack of volume support, the pump in price may be difficult to sustain, investors should be wary of the risk of price pullback at high levels. It is suggested to follow whether the volume can keep up with the price pump, as well as whether there are new buy orders coming in. When the volume decreases, the price rises. The Williams indicator shows that the current market is neither Overbought nor Oversold. Recently, the volume has decreased. The volume has decreased compared to the previous few hours, and the price has risen. As the volume decreases, the pump momentum weakens.

The upward momentum is weakening, it is recommended to wait and see, follow the changes in volume and the situation of new buying.

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