Shiba Inu price analysis (Neutral) — 0.00 USDT (-1.34% 24h)

SHIB/USDT is currently trading at $0.00001397, down 1.34% over the past 24 hours. The RSI reading of 35.6 indicates oversold conditions, suggesting potential for a near-term bounce. Price is trading slightly above the SMA50 ($0.00001392) but below the SMA20 ($0.00001422), indicating mixed short-term momentum. The 24-hour volume of $57.2 million shows decent liquidity, while volatility remains elevated at 2.79%. Given the oversold RSI and proximity to the 50-day moving average, I’d watch for support around current levels. A break below $0.00001390 could see further downside toward $0.00001350. For traders, consider scaling into long positions with tight stops, targeting a rebound toward the 20-day SMA. Risk management is crucial given meme coin volatility.