Shiba Inu price analysis (Neutral) — 0.00 USDT (+0.17% 24h)

SHIB/USDT is showing intriguing technical signals as the meme token trades at $0.00001214, down slightly from its 20-day SMA of $0.00001225. The 16.5% 24-hour gain on substantial $10.5 million volume suggests renewed buying interest, but the critically oversold RSI reading of 25.4 indicates this may be a relief rally rather than a sustained reversal. With price trading below both the 20-day and 50-day moving averages, the broader trend remains bearish. The elevated 2.76% volatility underscores the token’s characteristic price swings. Traders should approach cautiously – consider scaling into long positions only if SHIB can reclaim the $0.00001250 level with conviction. Stop losses below $0.00001180 would be prudent given the oversold conditions. Watch for volume confirmation on any breakout attempts.