Shiba Inu price analysis (Bullish) — 0.00 USDT (+7.36% 24h)

SHIB is showing impressive momentum with a 7.36% surge over the past 24 hours, currently trading at $0.00001269. The token has decisively broken above both its 20-day SMA ($0.00001241) and 50-day SMA ($0.00001207), indicating strong bullish momentum. However, the extremely overbought RSI reading of 88.13 raises significant concerns about sustainability. Volume remains robust at $15.5 million, suggesting continued trader interest, but the high volatility of 2.79% signals potential for sharp reversals. For traders, current levels present a classic risk-reward dilemma. Aggressive traders might consider taking partial profits here while maintaining a stop-loss below the 20-day SMA. Conservative investors should wait for a healthy pullback toward the $0.00001220-$0.00001240 support zone before considering new positions. The meme coin’s parabolic move appears overheated and vulnerable to profit-taking.