Live Crypto Markets

HomeCoinsShiba InuShiba Inu price analysis (Bullish) — 0.00 USDT (+1.83% 24h)

Shiba Inu price analysis (Bullish) — 0.00 USDT (+1.83% 24h)

-

Market Insight — SHIBUSDT
Sentiment: Bullish

SHIB/USDT is showing strong momentum with a 1.83% gain over the past 24 hours, trading at $0.00001335. The price is currently above both the 20-day SMA ($0.00001325) and 50-day SMA ($0.00001316), indicating a bullish trend structure. The RSI reading of 66.67 suggests the asset is approaching overbought territory but hasn’t crossed the critical 70 threshold yet. Volume remains robust at $24.7 million, supporting the current price movement. Given the elevated volatility reading of 3.29%, traders should expect continued price swings. My recommendation is to consider taking partial profits near resistance levels while maintaining a core long position. Set stop-losses below the 50-day SMA to protect gains. Wait for any pullback to the $0.00001320-$0.00001325 zone for better entry opportunities rather than chasing the current move.

Key Metrics

Price 0.0000 USDT
24h Change 1.83%
24h Volume 24774486.17
RSI(14) 66.67
SMA20 / SMA50 0.00 / 0.00
Daily Volatility 3.29%

Shiba Inu — 1h candles, 7D window (SMA20/SMA50, RSI).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Coinbase Pursues National Trust Charter in Strategic Banking Sector Expansion

Leading cryptocurrency exchange Coinbase has formally submitted an application for a National Trust Company Charter to the U.S. Office of the Comptroller of the Currency,...

BNB’s Meteoric Rally: Analyzing Potential Trajectories as Bitcoin Approaches Record Highs

As Bitcoin flirts with historic price levels, Binance Coin (BNB) demonstrates remarkable bullish momentum, positioning itself among the top-performing digital assets. Market analysts observe that...

ICE Surveillance App Developer Vows Legal Response Following Removal from Apple and Google Platforms

In a significant development for digital surveillance tools, technology giants Apple and Google have removed Immigration and Customs Enforcement (ICE) tracking applications from their respective...

Stablecoin Market Surpasses $300B as Automated Systems Emerge as Key Liquidity Drivers

The stablecoin market has achieved a significant milestone by surpassing $300 billion in total market capitalization, signaling robust growth in digital asset adoption. According to...

Most Popular

spot_img