Shiba Inu price analysis (Neutral) — 0.00 USDT (-0.60% 24h)

SHIB/USDT is currently trading at $0.00000986, showing a modest 0.61% decline over the past 24 hours amid elevated trading volume exceeding $7.9 million. The technical picture presents a mixed outlook – while the price sits slightly below the 20-day SMA of $0.000009879, it remains above the 50-day SMA of $0.000009793, suggesting underlying support remains intact. The RSI reading of 43.18 indicates neither overbought nor oversold conditions, providing room for movement in either direction. Current volatility at 4.23% reflects typical meme coin behavior but suggests potential for sharp moves. Traders should watch for a decisive break above the 20-day SMA as a potential bullish signal, while a breakdown below the 50-day SMA could trigger further selling pressure. Given the current technical setup, consider scaling into positions with tight stop-losses below $0.00000975, targeting initial resistance around $0.00001020.