Shiba Inu price analysis (Neutral) — 0.00 USDT (-1.64% 24h)

SHIB/USDT is trading at $0.000009, showing modest weakness with a 1.64% decline over the past 24 hours. The technical picture presents conflicting signals that traders should carefully consider. The RSI reading of 76.47 indicates severely overbought conditions, typically suggesting an impending correction. However, price remains above the 20-day SMA at $0.0000089065, maintaining near-term bullish structure despite trading slightly below the 50-day SMA. Volume remains substantial at $9.45 million, indicating continued market interest, while elevated volatility at 3.64% suggests traders should expect continued price swings. Given the overbought RSI and proximity to key moving averages, cautious positioning is advised. Consider taking partial profits on existing long positions and wait for either a healthy pullback to the $0.0000085 support level or a decisive break above the 50-day SMA with confirmed volume before adding new exposure. Risk management remains paramount in these conditions.