Shiba Inu price analysis (Bullish) — 0.00 USDT (+0.30% 24h)

SHIB/USDT is showing modest bullish momentum with the token trading at $0.00001018, up 29.6% over the past 24 hours. The current price sits just above both the 20-day SMA ($0.00001016) and 50-day SMA ($0.00001017), indicating potential support consolidation. With an RSI of 55.17, SHIB remains in neutral territory with room for upward movement before reaching overbought conditions. The substantial $4.38 million 24-hour trading volume suggests sustained interest, though the 2.68% volatility reading indicates relatively stable price action for a meme coin. Traders should watch for a decisive break above the $0.00001020 level, which could trigger further gains toward $0.00001050. Support appears firm around the $0.00001015 SMA confluence. Position sizing remains crucial given SHIB’s meme coin characteristics and potential for sudden sentiment shifts.