Shiba Inu price analysis (Bullish) — 0.00 USDT (+9.06% 24h)

SHIBUSDT is showing strong momentum with a 9.06% surge over the past 24 hours, currently trading at $0.00001445. The price is above both the 20-day SMA ($0.00001403) and 50-day SMA ($0.00001355), indicating a bullish trend structure. However, the RSI reading of 72 suggests the asset is approaching overbought territory, which could signal a near-term pullback. Volume remains robust at over $61 million, supporting the current price action. Given the elevated volatility of 2.64%, traders should exercise caution with position sizing. My advice would be to consider taking partial profits near current levels while maintaining a stop-loss below the 20-day SMA. Wait for a potential retracement to the $0.00001380-$0.00001400 zone for better risk-reward entry opportunities if bullish momentum continues.