Market Overview for Shiba Inu/Tether (SHIBUSDT)

Summary
• Price formed bearish reversal patterns near 7.45e-06 with volume confirming downward momentum.
• RSI entered oversold territory, suggesting potential near-term bounce or consolidation.
• Volatility expanded sharply after 03:00 ET, with price dropping 6.5% from 7.45e-06 to 7.2e-06.
• Bollinger Bands widened, reflecting heightened uncertainty and potential for a breakout.
• Turnover surged past $150M in the 03:00–04:30 ET window, indicating large-scale selling pressure.

Shiba Inu/Tether (SHIBUSDT) opened at 7.43e-06 on 2025-12-20 at 12:00 ET, reached a high of 7.48e-06, and closed at 7.39e-06 at 12:00 ET on 2025-12-21. The pair hit a low of 7.19e-06, with total volume of 231.8 billion SHIB and notional turnover of roughly $171 million over 24 hours.

Structure & Formations

Price declined in a bearish flag pattern after a failed breakout attempt above 7.48e-06. A doji formed at 04:30 ET near 7.4e-06, suggesting indecision and potential reversal. Key support levels appeared at 7.4e-06 and 7.36e-06, with resistance forming between 7.45e-06 and 7.48e-06.

Moving Averages

On the 5-minute chart, price closed below the 20-period and 50-period moving averages, confirming bearish momentum. The 50-period line on the daily chart is near 7.48e-06, indicating SHIBUSDT remains below critical longer-term support.

MACD & RSI

The 12:00 close triggered a bearish MACD crossover, with the histogram turning negative. RSI fell below 30 in the final hours of trading, suggesting the pair may consolidate or see a small rebound.

Bollinger Bands

Bands widened significantly following the sharp selloff after 03:00 ET, with price near the lower band for much of the session. Volatility appears to have reached an inflection point, potentially setting up for a contraction and a new directional move.

Volume & Turnover

Volume spiked to $150 million during the 03:00–04:30 ET window, coinciding with a 6.5% drop. Turnover and price moved in alignment, confirming bearish sentiment. Later in the session, volume moderated as the RSI entered oversold territory.

Fibonacci Retracements

On the 5-minute chart, price found support at the 61.8% retracement level of the 7.42e-06 to 7.19e-06 decline near 7.35e-06. On the daily chart, 7.35e-06 and 7.44e-06 represent key 38.2% and 61.8% levels, which may dictate short-term direction.

The pair appears to be consolidating after a sharp decline, with Fibonacci and RSI suggesting potential near-term support and a bounce. However, the breakdown of 7.4e-06 remains a key concern. Investors should remain cautious for further downside, particularly if volume picks up again near $150 million, and monitor Fibonacci levels for signs of stability.