Shiba Inu price analysis (Bullish) — 0.00 USDT (+2.31% 24h)

SHIB/USDT is showing modest bullish momentum, currently trading at $0.00001021 with a 2.3% gain over the past 24 hours. The token has managed to push above both its 20-day SMA ($0.00001011) and 50-day SMA ($0.00000999), indicating underlying strength. Trading volume remains healthy at $9.3 million, suggesting sustained interest. The RSI reading of 51 places SHIB in neutral territory with room for upward movement before reaching overbought conditions. However, traders should note the elevated volatility reading of 3.1%, which signals potential for sharp price swings. For short-term positions, consider buying on dips toward the $0.00001000 support level with targets at $0.00001050. Risk management is crucial given SHIB’s meme coin status – maintain tight stop-losses below $0.00000990. The current setup favors cautious optimism, but be prepared for volatility spikes typical of this asset class.