Sentiment: Neutral
SHIB is showing significant technical weakness as it trades at $0.00000992, down 3.3% over the past 24 hours. The token has broken below both its 20-day SMA ($0.00001011) and 50-day SMA ($0.00001011), indicating sustained bearish momentum. However, the RSI reading of 29.99 suggests SHIB is deeply oversold and approaching extreme levels that have historically preceded bounces. Trading volume remains elevated at $10.5 million, showing continued interest despite the price decline. The current volatility reading of 3.55% indicates relatively stable conditions for a meme token. For traders, this presents a potential contrarian opportunity – consider scaling into long positions with tight stop losses below recent lows. More conservative traders should wait for confirmation of a reversal pattern before entering. Given the oversold conditions, short-term traders might find attractive risk-reward setups for quick bounces, though the broader trend remains cautious until SHIB reclaims its moving averages.
Key Metrics
| Price | 0.0000 USDT |
| 24h Change | -3.31% |
| 24h Volume | 10529019.98 |
| RSI(14) | 30.00 |
| SMA20 / SMA50 | 0.00 / 0.00 |
| Daily Volatility | 3.55% |
Shiba Inu — 1h candles, 7D window (SMA20/SMA50, RSI).
