Market Overview: Shiba Inu/Tether (SHIBUSDT) — September 18, 2025

• SHIBUSDT rose from $0.00001295 to $0.00001356 over 24 hours, showing strong bullish momentum.
• Volume surged significantly, especially after 19:00 ET, confirming upward price movement.
• RSI approached overbought levels, suggesting possible short-term pullback.
• Bollinger Bands widened after midday, reflecting increased volatility.
• A bullish engulfing pattern formed around 19:45 ET, indicating continued buying pressure.

Shiba Inu/Tether (SHIBUSDT) opened on September 17 at $0.00001295 and closed at $0.00001356 on September 18, with a 24-hour high of $0.00001361 and a low of $0.00001283. The total traded volume amounted to 4.447e+14 SHIB, while the notional turnover reached $589.62 million. The pair showed a clear bullish bias, with strong volume confirming price increases.

Structure & Formations

The 24-hour chart on the 15-minute interval showed a strong bullish bias, with price breaking above a key resistance at $0.0000134. A bullish engulfing pattern formed at $0.00001346 (19:45 ET), signaling renewed buying interest. Key support levels were identified at $0.0000132 and $0.0000130, while resistance levels emerged at $0.0000135 and $0.0000136. A doji formed around $0.00001356 near the end of the day, suggesting potential consolidation or hesitation among buyers.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were both bullish, with the price staying above both. On the daily timeframe, the 50-period MA crossed above the 100- and 200-period MAs, confirming a positive trend. The price remains above all three key MAs, which is a strong indication of continuation in the current upward trajectory.

MACD & RSI

The MACD remained above the signal line throughout the day, showing positive momentum, with the histogram expanding during the late New York session. RSI climbed to the 75–80 range by the end of the day, indicating overbought conditions. This suggests a potential pullback or consolidation phase could follow, though strong volume and price action may delay this.

Bollinger Bands

Volatility increased steadily from the afternoon onward, with Bollinger Bands widening significantly. Price action remained within the bands for much of the day, but a breakout above the upper band occurred in the late session. This suggests a continuation of the bullish move, though a retest of the lower band at $0.0000133 may occur.

Volume & Turnover

Volume remained consistently high throughout the day, peaking between 19:00 and 22:00 ET. The notional turnover mirrored the volume pattern, with a strong surge coinciding with the price breakout above $0.00001345. No clear divergence was observed between price and volume, confirming the strength of the bullish move.

Fibonacci Retracements

Fibonacci levels applied to the recent 15-minute swing from $0.00001283 to $0.00001361 showed key retracement levels at $0.00001334 (38.2%) and $0.00001319 (61.8%). Price appears to have found support at the 61.8% level before breaking higher, suggesting strong bullish conviction. A pullback to the 38.2% level could serve as a key entry or consolidation point.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when the price breaks above the upper Bollinger Band on the 15-minute chart, confirmed by a bullish engulfing pattern and strong volume. The stop-loss would be placed at the lower Bollinger Band, with a target of 1.618% Fibonacci extension. RSI should be above 60, but below 80, to filter for strong momentum without overbought conditions. This setup was observed around 19:45 ET and could be used as a model for similar high-volume, high-momentum entries.