Shiba Inu (SHIBUSDT) edged slightly lower in its latest intraday trading, as the price attempts to gather positive momentum that could help it break through the key resistance level at 0.00001605. At the same time, it is working to relieve its clearly overbought RSI conditions, particularly as bearish signals begin to emerge. Despite this, positive support continues from trading above the 50-day SMA, while the prevailing short-term trend remains bullish with movement along an ascending trendline.

Therefore we expect the price to rise in upcoming intraday sessions, especially if it breaks above the 0.00001605 resistance level, targeting the next resistance at 0.00001765.

Expected trend for upcoming trading: Bullish.