SHIBUSDT Market Overview: 2025-10-05 12:00 ET

• SHIBUSDT traded in a range between $1.224e-05 and $1.298e-05 with a bearish close.
• Price consolidated near 1.276e-05, failing to break key resistance above 1.28e-05.
• Volume spiked during the midday rally, but turnover failed to confirm strength.
• RSI hit 58–62 levels, suggesting moderate bullish momentum without overbought conditions.
• Bollinger Bands expanded with price near the midband, reflecting increased volatility.

Shiba Inu/Tether (SHIBUSDT) opened at $1.224e-05 on 2025-10-04 12:00 ET and reached a high of $1.298e-05 during the session. The price closed at $1.276e-05, below the 24-hour high. Total trading volume was 114,822,743,081 SHIB, with a notional turnover of approximately $14,483 (assuming $1 SHIB = $0.00001276).

The 15-minute OHLCV data reveals a choppy pattern. A bullish engulfing candle formed around 2025-10-05 09:30 ET, which briefly pushed price toward 1.292e-05. However, the trend failed to hold, and a bearish reversal developed as the price closed below key support at 1.28e-05. A doji candle formed near 1.286e-05 around 2025-10-05 11:30 ET, signaling indecision.

The 20-period EMA sits at ~1.283e-05, and the 50-period EMA at ~1.278e-05, suggesting a short-term bearish bias. The 15-minute MACD crossed into negative territory, with the histogram showing divergences from price action. The RSI hovered between 58 and 62, indicating moderate bullish momentum but not yet overbought. Bollinger Bands expanded during the midday move, with price sitting near the midband, showing high volatility.

Fibonacci retracements from the 1.276e-05 to 1.292e-05 swing suggest key levels at 1.284e-05 (38.2%) and 1.288e-05 (61.8%). Price appears to have rejected the 61.8% level twice during the session. On the daily chart, the 50-period SMA is at ~1.282e-05, slightly above the current price, hinting at potential support.

Backtest Hypothesis: A mean-reversion strategy based on 15-minute Bollinger Band breakouts combined with RSI over 55 could have captured the midday rally. Entries near the upper band with a stop-loss just below the midband might have offered a favorable risk-reward profile. If repeated over multiple sessions, this strategy may work in higher volatility environments but requires strict risk management during consolidation phases.