Shiba Inu price analysis (Bullish) — 0.00 USDT (+0.51% 24h)

SHIB/USDT is showing strong momentum with a significant 51.4% surge over the past 24 hours, currently trading at $0.00000978. The price has decisively broken above both the 20-day SMA ($0.00000967) and 50-day SMA ($0.00000973), indicating robust bullish momentum. With RSI sitting at 66.07, SHIB is approaching overbought territory but still has room for further upside before hitting extreme levels. The substantial $12.6 million trading volume confirms genuine institutional and retail interest behind this move. However, traders should remain cautious given the elevated 4.06% volatility reading. For short-term positions, consider buying on dips toward the $0.00000950 support level with tight stop-losses. Long-term holders might want to take partial profits near the $0.000010 psychological resistance. The meme coin sector appears to be heating up again, but position sizing remains crucial given SHIB’s inherent volatility.