Shiba Inu price analysis (Bullish) — 0.00 USDT (+6.85% 24h)

SHIB is showing promising momentum with a 6.85% surge over the past 24 hours, currently trading at $0.00001076. The token has decisively broken above both its 20-day SMA ($0.000010597) and 50-day SMA ($0.0000103176), indicating strengthening bullish momentum. Trading volume remains robust at $27.7 million, suggesting sustained institutional interest. The RSI reading of 57.3 sits in neutral territory, leaving ample room for further upside before reaching overbought conditions. However, traders should note the elevated volatility of 7.6%, which could lead to sharp price swings. For short-term positions, consider buying on dips toward the $0.00001060 support level with targets at $0.00001120. Long-term holders might accumulate on any retracement below the 50-day SMA. Always use appropriate stop-losses given SHIB’s inherent volatility.