Shiba Inu price analysis (Bullish) — 0.00 USDT (+2.09% 24h)

SHIB/USDT is showing modest bullish momentum, trading at $0.00001269 with a 2.09% gain over the past 24 hours. The token currently trades above both its 20-day SMA ($0.00001260) and 50-day SMA ($0.00001257), indicating underlying strength in the short to medium term. With an RSI of 60.24, SHIB approaches overbought territory but still maintains room for upward movement before hitting extreme levels. The 24-hour trading volume of $13 million suggests decent participation, though not explosive. Given the current technical setup, traders might consider accumulating on any dips toward the $0.00001250 support level, with initial resistance likely around $0.00001300. The 2.69% volatility reading indicates relatively stable conditions for a meme token, making risk management crucial. Position sizing should remain conservative given SHIB’s inherent volatility characteristics.