Shiba Inu price analysis (Bullish) — 0.00 USDT (+0.08% 24h)

SHIB/USDT is showing modest bullish momentum with the token trading at $0.00001185, up 8.4% over the past 24 hours. The current price sits above both the 20-day SMA ($0.00001177) and 50-day SMA ($0.00001183), indicating underlying strength in the short to medium term. However, caution is warranted as the RSI reading of 66.23 approaches overbought territory, suggesting potential near-term consolidation. Trading volume remains healthy at over $10 million, supporting the current price action. Volatility at 2.51% is moderate for a meme token, providing reasonable trading opportunities. Traders should consider taking partial profits near resistance levels while maintaining stop-losses below the 20-day SMA. For swing traders, holding with a target of $0.00001250 seems reasonable, but be prepared for potential pullbacks given the elevated RSI. The meme coin sector remains sentiment-driven, so monitor broader market conditions closely.