Market Overview: Shiba Inu (SHIBUSDT) – 24-Hour Technical Summary – 2025-08-25

• Shiba Inu traded in a descending channel on 15-min OHLCV data, with key resistance near $0.0000131 and support near $0.0000125.
• Momentum appears to be waning as RSI dropped below 40, suggesting potential oversold conditions and possible short-term buying interest.
• Volatility remained elevated in the midday session but has since contracted, indicating reduced near-term directional bias.
• Volume surged during the sharp selloff in early NY hours, confirming bearish momentum before stabilizing in the afternoon.

Market Overview

Shiba Inu (SHIBUSDT) opened at $0.00001292 at 12:00 ET − 1 and closed at $0.00001243 at 12:00 ET, with a high of $0.00001350 and a low of $0.00001233. The 24-hour total volume reached 1.995 trillion tokens, while notional turnover stood at approximately $253.7 million.

Structure & Formations

Price action formed a descending broadening pattern over the past 24 hours, with key resistance identified near $0.00001310 and support at $0.00001250. The formation suggests potential for a consolidation phase or a breakout attempt from this channel. A long lower shadow in the early-morning session indicates a rejection of lower levels, but a bearish engulfing pattern formed in the midday NY session, confirming a key leg down.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA are both below price and trending lower, reinforcing bearish bias. Daily MAs (50, 100, 200) remain unbroken and above current levels, indicating a broader downtrend remains intact. Price remains below all key moving averages for the short term.

MACD & RSI

MACD lines crossed bearishly in the early afternoon, with a negative histogram confirming downward momentum. RSI dipped below 40 in the afternoon and approached the 30 level, indicating potential oversold conditions. A bounce could be in the cards, but a move back above $0.00001265 would be needed to confirm a near-term reversal.

Bollinger Bands

Price traded near the lower Bollinger Band for much of the session, indicating compressed volatility and potential for a rebound. A contraction in the band width occurred after midday, suggesting a possible pause in directional movement.

Volume & Turnover

Volume spiked sharply during the selloff in the early NY session, confirming bearish momentum. Notional turnover followed a similar pattern, aligning with price action. However, volume has since decreased as the price stabilized, suggesting reduced conviction in the current move.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing (high at $0.00001350 to low at $0.00001233), key levels include 38.2% at $0.00001293 and 61.8% at $0.00001265. Price has now tested the 61.8% level and is consolidating below it, suggesting support could be found near $0.00001250.

Outlook and Risk

In the next 24 hours, Shiba Inu may test the $0.00001250 support level, with a break below potentially targeting $0.00001230. A sustained move above $0.00001265 could signal a near-term bounce, but a broader bearish trend remains in place. Investors should remain cautious of potential news flow or market-wide shifts that could exacerbate volatility.