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BTC

SHIBUSDT Binance Shows Increased Selling Pressure

The SHIBUSDT trading pair on Binance has experienced unusual trading activity, with a volume reaching 1.1 million USDT. The price has decreased by 0.30% to 0.00001337 USDT. Buyers account for 41%, while sellers make up 59%. Over the day, there has been a decline of 3.74%. This data was recorded at 00:57 UTC on May 25, 2023.
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AI Analysis

The recent trading session for SHIBUSDT on Binance has been marked by an unusual surge in trading volume, reaching $1.1 million USDT. Such high volume in conjunction with a decline of 3.74% during the...

AI Recommendation

Given the current high volume accompanied by a price decline, it is advisable to approach new long positions cautiously. It might be prudent to wait for a stabilization or a clear bullish reversal bef...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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