Market Overview for Shiba Inu/Tether (SHIBUSDT): November 10, 2025

Summary
• SHIBUSDT opens at 9.95e-06 and closes at 9.91e-06, with a 24-hour high of 1.019e-05 and a low of 9.87e-06.
• Momentum remains mixed, with RSI hovering near overbought and oversold levels.
• Volume surges in the overnight session signal increased attention and speculative positioning.

Market Overview

Shiba Inu/Tether (SHIBUSDT) opened at 9.95e-06 on November 9, 2025, at 12:00 ET and closed at 9.91e-06 on November 10. The pair traded as high as 1.019e-06 and as low as 9.87e-06 over the past 24 hours. Total volume amounted to 3.5787e+11 SHIB, with notional turnover reaching approximately $3,537,000.

The 24-hour candlestick pattern shows a choppy session with multiple retracements and consolidations, particularly after a strong overnight rally from 9.93e-06 to a high of 1.019e-06. Price action suggests a tug-of-war between buyers and sellers, with key resistance at 1.001e-05 and support at 9.92e-06.

Structure & Formations

Notable candlestick patterns include a bullish engulfing pattern around 19:45 ET on the 15-minute chart, which preceded the push toward the session high. A series of bearish harami patterns emerged after 08:45 ET as the price pulled back. The 1.019e-06 high was briefly tested again but failed to hold.

Key support levels are forming around 9.92e-06 and 9.87e-06, while resistance is evident at 1.001e-05 and 1.006e-05. A break above 1.006e-05 could signal renewed bullish momentum, whereas a fall below 9.92e-06 would validate a bearish bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages intersected between 10:00 ET and 11:00 ET, suggesting short-term indecision. On the daily chart, the 50-period MA is currently above the 200-period MA, indicating a slightly bullish medium-term bias. The price is trading above the 50-period MA, which could offer near-term support.

MACD & RSI

The MACD histogram turned negative after 09:00 ET as the bullish momentum lost steam, while the RSI oscillated between overbought (>70) and oversold (<30) levels. A bearish divergence on the RSI was observed around 10:30 ET, suggesting a potential pullback.
The RSI has now retreated from overbought territory and is hovering near 50, indicating a recentering of momentum. However, the inability to sustain above 1.001e-05 suggests that the bulls remain hesitant.

Bollinger Bands

Price action spent most of the session outside the Bollinger Bands, indicating high volatility. A contraction in the bands occurred around 02:00 ET, followed by a sharp breakout toward 1.001e-05. The current price is positioned near the lower band, hinting at potential oversold conditions.

Volume & Turnover

Volume spiked sharply overnight, peaking at 4.065e+10 SHIB between 23:15 ET and 23:30 ET. This coincided with a move toward 1.001e-05, suggesting order flow confirmed the move.

Notional turnover also surged during this period, reaching approximately $3,250 in the highest-volume 15-minute bar. A divergence in volume and price appears in the morning session, as price declined while volume remained elevated, indicating a potential exhaustion in the bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the overnight swing from 9.93e-06 to 1.019e-06, key levels at 38.2% (1.003e-05) and 61.8% (9.99e-06) were tested but not decisively held. The 50% retracement level at 1.006e-05 remains a critical area for near-term direction.

Backtest Hypothesis

Given the mixed momentum signals and key Fibonacci levels, a potential backtest strategy could be to enter long at 9.93e-06 with a 50-period RSI signal above 30 and a close above the 20-period MA. A stop-loss could be placed at 9.87e-06, with a target at 1.001e-05. This setup would test whether a bullish breakout at key support could lead to a short-term reversal.