Shiba Inu price analysis (Neutral) — 0.00 USDT (+1.15% 24h)

SHIB/USDT is trading at $0.00000882, showing a modest 1.15% gain over the last 24 hours. The key technical indicator here is the RSI, which has plunged to a deeply oversold level of 22.67, suggesting a potential exhaustion of selling pressure. The price currently sits just below the 20-day SMA ($0.000008979), but notably above the 50-day SMA ($0.0000086444), indicating a potential consolidation phase between these two moving averages. The 24-hour volume of $24.1 million is healthy, providing liquidity for any directional move. Given the extreme RSI reading, traders should watch for a potential short-term relief bounce or consolidation. A break and hold above the 20-day SMA could target a move toward $0.0000092. However, the high volatility reading of 3.87% advises caution; position sizing should be conservative. Support is firm at the 50-day SMA, with a break below potentially accelerating declines. The setup favors a cautious, dip-buying approach for a mean reversion play, with tight stops.