Shiba Inu (SHIB) is currently trading at $0.00000896, experiencing a slight decline of 1.84% over the past 24 hours. The price has fluctuated within a daily range of $0.00000868 to $0.00000920, reflecting a relatively tight trading band of $0.00000052.

The trading volume of 134,710,321 indicates a Vol/Market Cap ratio of 2.55%, suggesting moderate market activity but not overly significant trading interest relative to its market capitalization. The short-term moving averages reveal a mixed sentiment: while the 8 SMA and 13 SMA show upward trends of 1.92% and 1.04% respectively, the 21, 55, and 144 SMAs indicate declining prices, particularly the 144 SMA which has decreased by 4.70%.

The Relative Strength Index (RSI) levels indicate bearish momentum, with the 1-hour RSI at 38 and the 7-day RSI at 43, both suggesting the asset is nearing oversold territory. Additionally, the 7-day, 14-day, and 30-day price changes are all negative, indicating a consistent downward trend over the past month.

With the all-time high of $0.00008616 reached on October 28, 2021, SHIB's current price represents a significant decline, showing that the asset has struggled to regain upward momentum. The negative price changes over various timeframes and bearish RSI levels point to a lack of strong buying interest in the current market environment.

Given the current technical indicators, including the bearish trend in moving averages and RSI levels, the outlook for SHIB remains pessimistic in the short to medium term. Therefore, the recommendation is to Hold, as the asset may stabilize before any potential upward movement, but caution is warranted due to the prevailing bearish sentiment.