Shiba Inu price analysis (Bearish) — 0.00 USDT (-0.24% 24h)

SHIB is showing concerning technical signals despite relatively stable price action. The token currently trades at $0.00001266, down 23.6% over the past 24 hours amid elevated volatility of 2.83%. Most alarming is the RSI reading of 78.95, indicating severely overbought conditions that typically precede corrective moves. While SHIB remains above both its 20-day SMA ($0.00001243) and 50-day SMA ($0.00001250), the minimal margin suggests weak support levels. Trading volume of $11.66 million appears healthy but insufficient to sustain current levels given the technical overextension. Traders should consider taking profits on any rallies toward $0.000013 resistance and wait for a pullback to the $0.000011-$0.000012 range before establishing new long positions. The risk-reward ratio currently favors sidelined capital until the RSI cools below 70 and clearer support levels emerge.