Market Overview for Shiba Inu/Tether (SHIBUSDT) as of 2026-01-14

Summary
• SHIBUSDT traded in a 8.75e-06 to 9.11e-06 range, with a bearish reversal pattern forming near 9.11e-06.
• Volume surged during the afternoon ET, confirming a bullish breakout above 9e-06.
• RSI indicated overbought conditions in late ET hours, hinting at potential short-term profit-taking.
• Price closed near the 20-period moving average, suggesting near-term consolidation likely.

Shiba Inu/Tether (SHIBUSDT) opened at 8.8e-06 on 2026-01-13, reached a high of 9.11e-06, and a low of 8.75e-06, closing at 8.85e-06 by 12:00 ET on 2026-01-14. Total volume was 9.85e+14, and turnover amounted to 8.65e+06.

Structure & Formations

Price formed a strong bullish breakout above 9e-06, confirmed by high volume in the late afternoon. A bearish engulfing pattern emerged as price retreated below 9e-06 by the close, indicating potential hesitation. Key support appears at 8.75e-06 and 8.65e-06, while resistance is now contested at 9e-06 and 9.11e-06.

Moving Averages

On the 5-minute chart, price closed near the 20-period moving average at 8.85e-06, while the 50-period line was slightly above at 8.86e-06. On the daily chart, SHIBUSDT remains above the 200-period line, suggesting a longer-term bullish bias.

MACD & RSI

The MACD crossed into positive territory during the afternoon, confirming the bullish breakout. RSI climbed to overbought levels above 70 in late ET hours, suggesting possible near-term profit-taking or a correction.

Bollinger Bands

Volatility expanded sharply after 22:00 ET as price surged above the upper band, before contracting back toward the middle band by the close. Price is now consolidating near the 20-period MA within the bands, indicating a potential pause in directional movement.

Volume & Turnover

Volume spiked at 198.85e+12 at 22:15 ET, coinciding with the sharp price move above 9e-06. Notional turnover followed suit, confirming the strength of the breakout. However, a divergence appears in later ET hours, with rising price and falling volume, which could signal a short-term pause.

Fibonacci Retracements

On the 5-minute chart, price retested the 61.8% level at 8.9e-06 before retreating. On the daily chart, the 38.2% retracement sits at 8.8e-06, which may act as a near-term support level.

SHIBUSDT appears to be consolidating after a strong bullish move, with key levels now at risk. While the 20-period MA supports a neutral to slightly bullish bias, overbought RSI and divergence in volume suggest a pullback could materialize. Investors should monitor the 8.75e-06 support and 9e-06 resistance for the next 24 hours, with a risk of increased volatility if either level is decisively breached.