Shiba Inu price analysis (Bullish) — 0.00 USDT (+2.97% 24h)

SHIB/USDT is showing strong momentum with a nearly 3% gain over the past 24 hours, currently trading at $0.00001006. The token has decisively broken above both its 20-day SMA ($0.00001001) and 50-day SMA ($0.00000993), indicating sustained bullish pressure. With RSI sitting at 65.9, SHIB is approaching overbought territory but hasn’t yet reached extreme levels that would signal an immediate reversal. The substantial $11.7 million in 24-hour trading volume suggests genuine institutional interest rather than retail speculation alone. However, traders should note the elevated 5.07% volatility reading, which points to potential sharp price swings. For position traders, holding above the 20-day SMA could signal continued upside toward $0.00001050 resistance. Short-term traders might consider taking partial profits near current levels and re-entering on any dip toward $0.00000980 support. Risk management remains crucial given SHIB’s historical volatility patterns.