Shiba Inu price analysis (Bullish) — 0.00 USDT (+1.83% 24h)

SHIB/USDT is showing strong momentum with a 1.83% gain over the past 24 hours, currently trading at $0.00001335. The price is above both the 20-day SMA ($0.00001322) and 50-day SMA ($0.00001312), indicating a bullish trend structure. However, the RSI reading of 75.92 suggests the asset is significantly overbought and due for a potential pullback. The 24-hour volume of $22.15 million demonstrates decent liquidity, though the elevated volatility of 2.15% warrants caution. Traders should consider taking partial profits at current levels and watch for a retest of the 20-day SMA as a potential re-entry point. Risk management is crucial here – set stop-losses below $0.00001300 to protect against sudden reversals.