Shiba Inu price analysis (Bearish) — 0.00 USDT (-3.78% 24h)

SHIB is currently trading at $0.00000865, showing a 3.78% decline over the past 24 hours amid moderate trading volume of $14.4 million. The technical picture reveals SHIB trading below both its 20-day SMA ($0.00000874) and 50-day SMA ($0.00000888), indicating persistent bearish pressure in the near to medium term. The RSI reading of 39 suggests the meme token is approaching oversold territory but hasn’t reached extreme levels yet. Current volatility sits at 3.67%, relatively moderate for SHIB’s standards. Traders should watch for potential support around the $0.00000850 level, which could serve as a bounce zone if selling pressure persists. Given the current technical setup, cautious accumulation on further dips toward oversold conditions might present opportunities, but position sizing should remain conservative until clear reversal signals emerge. Resistance awaits at the $0.00000890-$0.00000900 zone where the moving averages converge.