Shiba Inu price analysis (Bullish) — 0.00 USDT (+3.01% 24h)

SHIB/USDT is showing intriguing technical signals despite a challenging market environment. The meme token currently trades at $0.00000822, having gained 3% over the past 24 hours on substantial volume exceeding $9 million. The RSI reading of 33 indicates oversold conditions, suggesting potential for a near-term bounce. Price action sits just below the 20-day SMA at $0.00000824 but remains above the 50-day SMA at $0.00000807, indicating mixed short-term momentum. The 4.68% volatility reading reflects typical meme coin behavior but presents both risk and opportunity. For traders, current levels offer potential entry points for short-term rebounds, though strict risk management is essential given SHIB’s speculative nature. Consider scaling into positions with stops below the 50-day SMA, targeting resistance near recent highs around $0.00000850. Volume patterns suggest accumulation may be occurring, but meme tokens remain highly sentiment-driven.