Shiba Inu price analysis (Bearish) — 0.00 USDT (-6.35% 24h)

SHIB is showing classic oversold characteristics with RSI dipping below 30 and trading 3.1% below its 20-day SMA. The 6.35% 24-hour decline comes amid relatively stable volume, suggesting this might be capitulation rather than sustained selling pressure. Current price action near $0.00000899 represents a critical technical level where SHIB has historically found support. With volatility remaining elevated at nearly 4%, traders should watch for consolidation around these levels. The meme coin remains significantly below its 50-day SMA, indicating the broader trend remains bearish, but the extreme RSI reading suggests a potential relief rally could emerge. Risk-tolerant traders might consider scaling into long positions with tight stops below $0.00000850, while conservative investors should wait for confirmation of reversal patterns. Given SHIB’s speculative nature, position sizing remains crucial – no more than 1-2% of portfolio allocation is advisable.