Shiba Inu price analysis (Bullish) — 0.00 USDT (+0.60% 24h)

SHIB/USDT is showing encouraging momentum with a 0.61% gain over the past 24 hours, currently trading at $0.00000998. The token has managed to push above its 20-day SMA of $0.00000989, indicating near-term bullish pressure, though it remains below the 50-day SMA of $0.00001001, suggesting some resistance overhead. With RSI sitting at 62.26, SHIB is approaching overbought territory but still has room for further upside before reaching extreme levels. The substantial 24-hour volume of $13.4 million demonstrates healthy trader interest and liquidity. Volatility remains elevated at 3.74%, typical for meme coins but requiring careful position sizing. For traders, consider scaling into long positions on any pullbacks toward the $0.00000980-$0.00000985 support zone, with initial targets around $0.00001020. Always use strict stop-losses given SHIB’s inherent volatility and meme coin characteristics.