Shiba Inu price analysis (Bullish) — 0.00 USDT (+0.31% 24h)

SHIB is showing strong momentum with a 30.9% surge over the past 24 hours, accompanied by robust volume of over $9.2 million. The current price of $0.000013 is trading above both the 20-day and 50-day SMAs, indicating bullish near-term sentiment. The RSI reading of 65 suggests the asset is approaching overbought territory but hasn’t reached extreme levels yet. The elevated volatility of 2.73% is typical for meme coins but requires careful position sizing. Traders should consider taking partial profits near resistance levels while maintaining a core long position. Set stop-losses below the 20-day SMA at $0.00001295 to protect gains. Watch for volume confirmation on any breakout above current levels.