Market Overview for Shiba Inu (SHIBUSDT): 24-Hour Technical Summary

Summary
• Shiba Inu (SHIBUSDT) trades in a tight range, with key support at $0.00001235 and resistance near $0.00001255.
• Momentum remains subdued, with RSI hovering around the neutral zone and no overbought/oversold signals.
• Volume spikes midday hint at short-term interest, but divergence with price suggests indecision.
• Volatility is moderate, with price staying within Bollinger Band midlines for much of the session.

Shiba Inu (SHIBUSDT) opened at $0.00001243 on 2025-08-20 at 12:00 ET, reached a high of $0.00001263, a low of $0.00001232, and closed at $0.00001242 on 2025-08-21 at 12:00 ET. The 24-hour volume was approximately 318.64 billion SHIB tokens, and total turnover was roughly $406.03 million.

Structure & Formations

Price action shows a tight consolidation pattern between $0.00001235 and $0.00001265, with several failed attempts to break above $0.00001255. A bullish engulfing pattern emerged briefly in the early evening (ET), but it failed to hold. Doji appear near key levels, suggesting indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, reflecting the range-bound nature. Price remains above both but shows no strong directional bias. The daily chart shows a wider separation between the 50, 100, and 200-period MAs, with the 200-period acting as a dynamic support line at ~$0.00001230.

MACD & RSI

MACD remains flat, with the histogram oscillating around the zero line, signaling low momentum. RSI is in the 45–55 range for most of the session, suggesting a neutral bias. A brief overbought signal at ~57.3 appeared in the early evening, but it quickly reversed.

Bollinger Bands

Volatility is moderate, with the bands widening slightly in the midday hours but contracting in the late session. Price spent most of the day near the midline, with only occasional tests of the upper and lower bands.

Volume & Turnover

Turnover surged in the late afternoon and early evening, but price did not move decisively, pointing to potential short-term profit-taking or wash trading. There is a noticeable divergence between volume and price movement around 19:45–20:30 ET, suggesting potential exhaustion in the directional move.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing (from $0.00001235 to $0.00001263), price retested the 61.8% level at ~$0.00001250 but failed to break through. On the daily chart, the 50% retracement line from the major swing low (~$0.00001200 to ~$0.00001300) sits at ~$0.00001250, which aligns with a key psychological resistance level.

SHIBUSDT may test $0.00001255–$0.00001260 in the next 24 hours if buyers step in, but a breakdown below $0.00001235 could signal renewed bearish pressure. Investors should remain cautious given the low conviction in current price action.