Market Overview: Shiba Inu (SHIBUSD)

• Shiba Inu (SHIBUSD) declined from 1.238e-05 to 1.214e-05, forming a bearish inside bar and confirming downward momentum.
• Price remains below key 20/50-period SMAs on the 15-minute chart, indicating near-term bearish bias.
• Oversold RSI conditions emerged near 28–30, suggesting potential for a near-term bounce or consolidation.
• Bollinger Band contraction was observed in early hours, followed by a break below the lower band, signaling increased bearish volatility.
• Volume surged during the major selloff but faded in the final hours, suggesting possible exhaustion or consolidation ahead.

Market Overview

Shiba Inu (SHIBUSD) opened at 1.228e-05 on 2025-08-25 at 12:00 ET and closed at 1.214e-05 on 2025-08-26 at 12:00 ET, with a high of 1.238e-05 and a low of 1.196e-05. Total volume over the 24-hour period was 406.6 million SHIB, and notional turnover amounted to approximately $5,039. The price action reflected a bearish bias, particularly during the late night to early morning session.

Structure & Formations

The 15-minute chart shows a bearish inside bar forming around 20:00–21:00 ET, followed by a significant breakdown as price tested support levels. A key support appears to have formed near 1.214e-05 and 1.21e-05, where price has found consolidation for much of the day. No strong bullish candlestick patterns were observed, but a bearish dark cloud cover emerged between 08:15 and 08:30 ET as SHIBUSD opened higher and closed near the low.

Moving Averages

On the 15-minute chart, SHIBUSD remains below both the 20 and 50-period SMAs, reinforcing bearish bias. The daily chart shows the price below the 50, 100, and 200-period SMAs, which may suggest a broader downtrend is intact unless a strong reversal occurs.

MACD & RSI

The MACD line crossed below the signal line in the morning, signaling bearish momentum. The RSI dipped into oversold territory (28–30) between 08:00 and 10:00 ET, which may indicate a near-term bounce or consolidation is possible. However, without a strong divergence between price and RSI, a continuation of the bearish trend may be likely.

Bollinger Bands

Volatility showed a contraction in the early hours of 2025-08-26, with the bands narrowing and price consolidating near the middle band. By 02:00–04:00 ET, volatility expanded as SHIBUSD broke below the lower band, indicating a potential acceleration in the bearish trend. Price has remained below the lower band in the final hours of the 24-hour period.

Volume & Turnover

Volume spiked during the selloff between 20:00 and 21:00 ET, with over 233.4 million SHIB traded at a high of 1.218e-05. This was followed by a secondary wave of selling between 20:45 and 21:15 ET, where turnover accelerated again. However, volume significantly tapered off in the final 6 hours of the period, suggesting potential exhaustion in the bearish move or a period of consolidation.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing (high of 1.238e-05 to low of 1.196e-05), SHIBUSD has found support near the 61.8% level (~1.214e-05), which may serve as a short-term floor. On the daily chart, the 38.2% retracement level (~1.215e-05) appears to be a potential area for near-term resistance or consolidation.

The price may attempt a pullback in the next 24 hours if the 61.8% Fibonacci and 1.214e-05 support levels hold firm. However, a breakdown below 1.21e-05 could signal a test of the next key support near 1.20e-05. Investors should remain cautious of potential volatility or a sudden reacceleration in the bearish trend if key support levels fail.