Shiba Inu price analysis (Neutral) — 0.00 USDT (-1.37% 24h)

SHIBUSDT is currently trading at $0.00001296, showing a slight 24-hour decline of 1.37%. The price is hovering just above the 20-day SMA of $0.00001291, indicating near-term support, but remains below the 50-day SMA of $0.00001318, suggesting some underlying bearish pressure. The RSI at 63.16 is approaching overbought territory but hasn’t crossed the 70 threshold yet, leaving room for potential upward movement if buying volume increases. The 24-hour volume of $14.48 million is decent but not exceptional for SHIB. Given the current technical setup, I’d advise caution—wait for a clear break above the 50-day SMA with increased volume before considering long positions. Alternatively, a drop below the 20-day SMA could signal a test of lower supports. Keep an eye on broader meme coin sentiment and Bitcoin’s direction for cues.