Shiba Inu price analysis (Neutral) — 0.00 USDT (+1.71% 24h)

SHIB is showing modest bullish momentum with a 1.71% gain over 24 hours, trading slightly above its 20-day SMA of $0.00001185. The current price of $0.0000119 indicates tentative strength, though RSI at 50 suggests a perfectly balanced market without clear overbought or oversold conditions. Daily volume near $10 million provides adequate liquidity but lacks the explosive momentum needed for a major breakout. With both SMAs converging, SHIB appears to be consolidating within a tight range. Traders should watch for a decisive break above $0.000012 with increasing volume for long entries, while a drop below the 50-day SMA at $0.0000118 could signal renewed bearish pressure. Given the low volatility environment, position sizing should remain conservative until clearer direction emerges. Consider scaling into positions rather than full allocations at current levels.