Shiba Inu price analysis (Neutral) — 0.00 USDT (-1.95% 24h)

SHIB is showing classic oversold conditions with RSI dipping to 33.33, suggesting potential near-term stabilization. The meme token trades at $0.00000855, sitting below both its 20-day ($0.00000868) and 50-day ($0.00000870) SMAs, indicating persistent bearish pressure. However, the modest 24-hour trading volume of $10.7 million against relatively low volatility of 3.5% suggests selling pressure may be exhausting. Traders should watch for consolidation around current levels with potential for a technical bounce toward the $0.00000870 resistance zone. Risk management remains crucial – consider scaling into positions with tight stops below $0.00000840. The -1.95% daily decline appears more controlled than previous sell-offs, potentially setting up for a reversal if broader market sentiment improves. Wait for confirmation above the 20-day SMA before adding significant exposure.