Shiba Inu price analysis (Neutral) — 0.00 USDT (-0.47% 24h)

SHIB/USDT is showing mixed signals as it trades at $0.0000085, down 46.8% over the past 24 hours amid significant selling pressure. The token’s current position just above the 20-day SMA at $0.00000849 suggests potential support, though it remains below the 50-day SMA at $0.00000861, indicating lingering bearish momentum. With RSI at 56.75, SHIB sits in neutral territory but leans toward overbought conditions despite the price decline – a potential divergence worth monitoring. The 24-hour volume of $4.1 million reflects moderate interest, while volatility remains elevated at 3.3%. Traders should watch for a decisive break above the 50-day SMA for bullish confirmation, or a drop below the 20-day SMA that could trigger further downside toward $0.0000082. Position sizing remains crucial given SHIB’s inherent volatility.