Shiba Inu price analysis (Bullish) — 0.00 USDT (+2.24% 24h)

SHIB/USDT is showing encouraging technical signals as the meme token trades at $0.00001003, posting a solid 2.24% gain over the past 24 hours. The current price sits above both the 20-day SMA ($0.00000999) and 50-day SMA ($0.00000988), indicating established bullish momentum. With RSI at 61.82, SHIB approaches overbought territory but maintains room for further upside before hitting extreme levels. The 24-hour volume of $7.89 million demonstrates healthy participation, while volatility remains moderate at 3.02%. Traders should watch for a sustained break above the $0.00001005 resistance level, which could trigger another leg higher toward $0.00001020. Consider taking partial profits near current levels given the elevated RSI reading, while maintaining exposure for potential continuation moves. Stop losses around $0.00000985 would protect against any sudden reversal below key moving average support.