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HomeCoinsShiba InuShiba Inu price analysis (Bullish) — 0.00 USDT (+4.42% 24h)

Shiba Inu price analysis (Bullish) — 0.00 USDT (+4.42% 24h)

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Market Insight — SHIBUSDT
Sentiment: Bullish

SHIB is showing renewed momentum with a 4.42% gain over the past 24 hours, currently trading at $0.00001063. The token is trading above both its 20-day SMA ($0.000010534) and 50-day SMA ($0.000010321), indicating underlying bullish structure. However, caution is warranted as the RSI reading of 69 approaches overbought territory, suggesting potential near-term consolidation. Trading volume remains robust at $10.5 million, supporting the current price action. For traders, consider taking partial profits near resistance around $0.00001080 while maintaining core positions. A break above $0.00001100 could signal further upside toward $0.00001150. Support holds at the 20-day SMA, with a break below potentially testing $0.00001020. Position sizing remains crucial given SHIB’s inherent volatility of 2.62%.

Key Metrics

Price 0.0000 USDT
24h Change 4.42%
24h Volume 10531748.11
RSI(14) 69.09
SMA20 / SMA50 0.00 / 0.00
Daily Volatility 2.62%

Shiba Inu — 1h candles, 7D window (SMA20/SMA50, RSI).

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