Shiba Inu price analysis (Bullish) — 0.00 USDT (+4.16% 24h)

SHIB/USDT is showing strong momentum with a 4.16% gain over the past 24 hours, currently trading at $0.00001026. The token has broken above both its 20-day SMA ($0.00001013) and 50-day SMA ($0.00000999), indicating sustained bullish pressure. With RSI sitting at 65.3, SHIB is approaching overbought territory but still has room for further upside before hitting extreme levels. The substantial 24-hour volume of $10.13 million confirms genuine buyer interest rather than thin market moves. However, traders should note the elevated volatility reading of 3.92%, suggesting sharp price swings are likely. For short-term positions, consider buying on dips toward the $0.00001013 support level with stops below $0.00000999. Longer-term holders might want to take partial profits near the $0.00001050 resistance zone given the approaching overbought conditions. The meme coin sector remains sentiment-driven, so monitor broader market conditions closely.