Market Overview: Shiba Inu/Tether (SHIBUSDT) - 24-Hour Analysis as of 2025-10-13

• Price of Shiba Inu/Tether (SHIBUSDT) rose from 1.044e-05 to 1.105e-05 over the past 24 hours, with a 1.2% increase in close.
• A strong bullish bias emerged in the latter half of the session, supported by increasing volume and RSI above 70.
• Volatility expanded significantly as Bollinger Bands widened, with price pushing past +1σ in the final hours.
• Turnover exceeded 1.19e+12, with a clear positive divergence in volume and price action in the last 4 hours.
• No clear bearish reversal patterns were observed, though a 50-period EMA crossover may trigger near-term correction.

At 12:00 ET–1 on 2025-10-12, Shiba Inu/Tether (SHIBUSDT) opened at 1.044e-05 and closed the 24-hour period at 1.1e-05, reaching a high of 1.105e-05 and a low of 1.043e-05. Total volume amounted to 5.2297842381e+11, with a notional turnover of 1.191374055326e+12, showing robust trading activity.

Structure and formations suggest a strong bullish continuation, with price consolidating above key support levels and forming a bullish engulfing pattern around 17:45 UTC. The 20-period and 50-period exponential moving averages (EMA) crossed in favor of the long side, reinforcing the trend. Resistance appears to have formed around 1.105e-05, a level the asset has tested twice in the past 24 hours. No clear bearish patterns emerged, although a potential pullback may occur if the 50-period EMA begins to flatten or decline.

Momentum indicators like the MACD showed a golden cross as the fast line crossed above the signal line in the last 6 hours, suggesting a surge in bullish momentum. The 14-period RSI approached overbought territory (RSI > 70), reinforcing the potential for a short-term pullback or consolidation. Bollinger Bands widened in the latter half of the session, reflecting growing volatility and positioning price near the +1σ band, a zone often associated with near-term exhaustion of bullish momentum.

Volume and notional turnover aligned with the bullish price action, peaking at 6.61373511066e+11 around 11:15 UTC. The divergence between price and volume was not observed, indicating strong conviction among buyers. A Fibonacci retracement of the most recent 15-minute swing (from 1.043e-05 to 1.105e-05) places 38.2% and 61.8% levels at 1.079e-05 and 1.064e-05, respectively. These levels could serve as potential support zones in the coming 24 hours.

Backtest Hypothesis

The backtest strategy under consideration relies on two key signals: a MACD golden cross and a 14-day RSI above 70. These signals have historically indicated strong short-term bullish momentum, particularly in assets with high volatility and liquidity—qualities Shiba Inu/Tether (SHIBUSDT) exhibits.

Based on the 24-hour chart, a golden cross occurred around 17:45 UTC on 2025-10-12, with the RSI crossing into overbought territory shortly thereafter. If the backtesting engine could access a valid price series, this signal would have triggered a long entry with a 3-day holding period. The current technical environment aligns with the conditions that the strategy looks to exploit, making this a plausible test case for performance evaluation.

However, due to the errors encountered—likely due to an incorrect ticker code for SHIB—the backtesting engine failed to process the signals. To resolve this, the correct ticker code (e.g., SHIBUSDT.BINANCE or SHIBUSDT.CCXT) should be used to ensure the pricing data is properly aligned with the signal dates. Once rectified, the strategy can be fully evaluated for key metrics such as total return, win rate, and drawdowns.