SHIB price breaks above $0.00002175 per coin, up 3.72% on the day

Shiba Inu today's market news, SHIB latest price: $0.00002175, up 4.517% in 24 hours, volume $344 million As you can see from the k-chart, it is now in an oscillating trend. It fell sharply from 18:00 and recovered from 16:00. When prices rise and trading volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing. This volume-price divergence is usually due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of volume support, price rises are unsustainable and one needs to be wary of the risk of a pullback from higher levels. Investors should pay attention to whether the trading volume can match the price rise and whether there is new buying into the market. Trading volume is decreasing and prices are rising. Judging by the Williams Indicator, it now falls into the category of not overbought and oversold. Recently the trading volume has decreased, the trading volume is lower than in the previous hours, the price is rising and the trading volume is decreasing: the upward momentum is weakening. The market's upward momentum is weakening, so it is recommended to stay on the sidelines and keep an eye on trading volume and new buying. The above is for reference only and does not constitute investment advice.