Shiba Inu (SHIB) is currently trading at $0.00000967, reflecting a 3.42% decline over the past 24 hours. The price has fluctuated between a daily high of $0.00001001 and a low of $0.00000961, indicating a narrow trading range of approximately 4.0E-7, which suggests low volatility in the short term.

The trading volume stands at 133,760,276, which corresponds to a volume-to-market cap ratio of 2.35%. The moving averages reveal a bearish trend, with the 8 SMA at $0.00000974 showing a decline of 0.74%, while the longer-term averages (55 SMA and 144 SMA) are indicating more significant declines of 3.05% and 0.50%, respectively.

The Relative Strength Index (RSI) metrics show that the 1-hour RSI is at 32, which suggests that SHIB is currently oversold in the very short term. In contrast, the 7-day RSI at 53 indicates a neutral position, suggesting that the asset may have room for upward movement, but the 14-day and 30-day price changes of -4.33% and -9.19% highlight longer-term weakness.

Considering the all-time high of $0.00008616 reached in October 2021, SHIB is currently trading approximately 88.73% lower, emphasizing significant downward pressure since that peak. The recent 7-day price change of 8.24% indicates some potential for recovery, but the negative trends in longer time frames raise concerns about sustainability.

In summary, Shiba Inu shows mixed signals, with short-term oversold conditions and recent bullish momentum countered by longer-term bearish trends. Given the current technical indicators and the overall market sentiment, the recommendation for SHIB is a Hold rating, as traders should await clearer bullish signals before committing to new positions.