Market Overview for Shiba Inu/Tether (SHIBUSDT): 24-Hour Price Movement and Volatility

• Price rose from $0.00001187 to $0.00001206 before pulling back to $0.00001163
• Momentum increased with a sharp RSI rise followed by a pullback
• Volatility surged in the last 6 hours with a 13% move between high and low
• Volume spiked to $248.9 billion at the 15:45 ET candle, signaling heightened activity

Shiba Inu/Tether (SHIBUSDT) opened at $0.00001187 on October 9, 2025 at 12:00 ET-1, and reached a high of $0.00001214 before falling to a low of $0.00001142. As of October 10, 12:00 ET, the pair closed at $0.00001157. Total volume for the 24-hour period was approximately 248.9 billion SHIB, with a notional turnover of around $3.6 billion.

The 24-hour price chart shows a complex consolidation and breakout pattern. Price briefly broke above a key 15-minute resistance near $0.00001205 in the early hours of October 10 before retreating under heavy volume, forming a bearish harami pattern during the 15:45 ET candle. This pattern suggests a potential reversal after an upward thrust. Support levels are emerging at $0.00001163 and $0.00001150, both of which have been tested multiple times over the last 8 hours.

Structure & Formations

A critical support area appears forming at $0.00001163–$0.00001150 after multiple bounces. The candle on October 10 at 15:45 ET formed a bearish harami as price closed near the session’s low, signaling potential exhaustion. Earlier, a bullish engulfing pattern formed at $0.00001203–$0.00001205 during the 04:00 ET candle, which preceded a sharp pullback. A key resistance is at $0.00001205, where price has struggled to close above in multiple attempts over the last 12 hours.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA 20) has crossed above the 50-period SMA (SMA 50) in a bullish crossover during the early hours of October 10, only to weaken as the pair fell. This crossover is often interpreted as a short-term buying opportunity but has since failed to hold. On the daily chart, the 50-day SMA sits at $0.00001182, below the 200-day SMA at $0.00001174, indicating a longer-term bearish bias.

MACD & RSI

The MACD line turned negative after a brief positive divergence during the 04:00–07:00 ET period. The RSI rose sharply to 57 before falling to 41, indicating a potential overbought-to-neutral range shift. This suggests a possible short-term reversal but not an oversold condition yet. The divergence between the MACD and price action during the 15:45 ET candle indicates potential bearish momentum ahead.

Bollinger Bands

Volatility expanded significantly during the 15:45 ET candle, with price touching the lower Bollinger Band at $0.00001142 and rebounding. The 15-minute Bollinger Bands had previously contracted during the 08:00–11:00 ET period, suggesting a potential breakout. However, the subsequent bearish move indicates the expansion has reached a key inflection point, which could lead to a consolidation phase or a renewed bearish thrust.

Volume & Turnover

Volume spiked to $248.9 billion during the 15:45 ET candle, coinciding with the sharpest decline in price. The high volume during this bearish candle suggests strong selling pressure. Notional turnover also spiked during this time, aligning with the price action. However, volume has since decreased, with the most recent 4-hour candle at $44.1 billion, indicating potential exhaustion.

Fibonacci Retracements

A Fibonacci retrace on the recent 15-minute move from $0.00001142 to $0.00001214 shows key levels at 38.2% ($0.00001174) and 61.8% ($0.00001163). The 61.8% level has acted as a pivot point in the last 5 hours, suggesting it may continue to serve as a critical support. On the daily chart, a key 61.8% retracement level at $0.00001176 has yet to be tested but appears within range.

Backtest Hypothesis

A potential strategy could involve shorting on a breakout below the 61.8% Fibonacci level at $0.00001163 with a stop above $0.00001174, targeting $0.00001140. This approach would leverage the bearish harami pattern and align with the recent volume spike. Historical behavior at this level suggests the price may test key support before finding a bottom. However, a reversal above $0.00001174 would invalidate the bearish case and open the door for a retest of the $0.00001205 resistance.

Shiba Inu/Tether (SHIBUSDT) appears poised for a short-term consolidation phase after a volatile 24-hour move. The bearish harami and volume divergence at $0.00001142 suggest a potential pullback, but traders should remain cautious as the 61.8% Fibonacci level could hold or break. A close above $0.00001174 would likely signal a retest of $0.00001205. Investors should monitor the 20/50 EMA crossover and MACD divergence for signs of reversal.