Shiba Inu price analysis (Bullish) — 0.00 USDT (+2.78% 24h)

SHIB/USDT is showing modest bullish momentum, trading at $0.00001072 with a 2.78% gain over the past 24 hours. The token is currently trading above its 20-day SMA of $0.00001065 but remains below the 50-day SMA of $0.00001078, suggesting mixed signals in the near to medium term. With an RSI of 53.84, SHIB sits in neutral territory with slight bullish bias, indicating room for further upward movement before reaching overbought conditions. The substantial 24-hour trading volume of $16 million demonstrates healthy market participation, while the 7.8% volatility reading suggests typical meme coin price swings. Traders should watch for a decisive break above the 50-day SMA, which could signal stronger bullish momentum toward the $0.000011 resistance zone. Consider scaling into positions with tight stop-losses below $0.00001050, as meme tokens remain vulnerable to sudden sentiment shifts.