Shiba Inu price analysis (Neutral) — 0.00 USDT (-1.18% 24h)

SHIB/USDT is currently trading at $0.00001008, showing modest weakness with a 1.18% decline over the past 24 hours. The token finds itself in a critical technical position, trading just above its 20-day SMA of $0.00001007 but significantly below the 50-day SMA of $0.00001059, indicating persistent medium-term bearish pressure. The RSI reading of 40.88 suggests SHIB is approaching oversold territory but hasn’t yet reached extreme levels that would typically signal a strong reversal. Trading volume of $29.9 million remains healthy, providing adequate liquidity for both entry and exit positions. With volatility at 7.4%, traders should expect continued price swings. Given the current technical setup, cautious accumulation near current levels could prove rewarding for swing traders, though strict stop-losses below the 20-day SMA are advisable. The key resistance to watch remains the 50-day SMA, which has consistently capped recent rally attempts.