Market Overview for Shiba Inu/Tether (SHIBUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Wednesday, Jan 7, 2026 12:07 pm ET1min read
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Aime RobotAime Summary

- SHIBUSDT tested 9.13e-06 resistance but failed, forming bearish momentum with descending patterns.

- RSI shifted from overbought to neutral, while MACD confirmed bearish bias after midday crossover.

- Volatility spiked during 21:30-22:45 ET with 50% turnover surge, but failed breakout signaled waning buying pressure.

- Price consolidated near 8.96e-06 Fibonacci level, facing key resistance at 9.11e-06 and 9.13e-06 for potential directional shifts.

Summary
• Price tested key resistance at 9.13e-06 but failed to hold above it, forming bearish momentum.
• RSI showed overbought conditions early in the day before turning neutral, signaling potential exhaustion.
• Volatility expanded midday, with Bollinger Bands widening as volume surged.
• A bullish engulfing pattern briefly appeared at 8.95e-06 but was quickly reversed, indicating indecision.
• Turnover spiked during 21:30–22:45 ET, coinciding with a 9.12e-06 high and failed breakout.

Shiba Inu/Tether (SHIBUSDT) opened at 9.03e-06 on 2026-01-06 at 12:00 ET and closed at 8.98e-06 at 12:00 ET on 2026-01-07. The pair hit a high of 9.23e-06 and a low of 8.82e-06. Total 24-hour volume was 7.68e+11, with a notional turnover of 698,196.18 USDT.

Structure & Formations


The price action over the 24-hour period formed a bearish descending pattern with 9.13e-06 acting as a key resistance level and 8.96e-06 serving as a strong support. A bullish engulfing candle at 8.95e-06 failed to sustain upward momentum, followed by a series of bearish hammer patterns. The formation of a doji around 8.99e-06 indicated indecision during the afternoon trading window.

Moving Averages



The 20-period and 50-period moving averages on the 5-minute chart both sloped downward, reinforcing the bearish bias. On the daily chart, the 50-period MA crossed below the 100-period MA, forming a death cross, while the 200-period MA remained above all other lines, acting as a long-term floor for the pair.

MACD & RSI


The MACD crossed below the signal line midday, confirming bearish momentum. The RSI moved into overbought territory early in the morning but dropped into neutral territory by afternoon, indicating weakening bullish sentiment. No major overbought or oversold levels were triggered on the RSI for most of the 24-hour period, except during the initial 9.13e-06 peak.

Bollinger Bands



Bollinger Bands expanded significantly during the late afternoon and evening hours, signaling increased volatility. Price remained well within the bands but moved closer to the lower band during the final hours, suggesting potential for a rebound or consolidation near 8.96e-06.

Volume & Turnover


Volume spiked during the 21:30–22:45 ET window, aligning with the price reaching its intraday high of 9.23e-06. Notional turnover increased by nearly 50% during this period, confirming the breakout attempt. However, a sharp decline in volume followed the failed breakout, indicating waning buying pressure.

Fibonacci Retracements


Fibonacci levels drawn from the 8.82e-06 to 9.23e-06 swing showed price consolidating near the 61.8% retracement level at around 8.96e-06. A potential bounce from this level may face immediate resistance at the 78.6% retracement (9.11e-06), where key 5-minute candlestick patterns were observed.

Price may attempt a rebound near 8.96e-06 but faces key resistance at 9.11e-06 and 9.13e-06. A sustained break below 8.92e-06 could signal a deeper correction. Investors should remain cautious, as volatility remains elevated and momentum indicators suggest potential for a directional shift.