Market Overview for Shiba Inu/Tether (SHIBUSDT): Strong 24-Hour Rally Confirmed

• Price rose 16.8% from $0.00001157 to $0.00001232 on heavy volume and momentum.
• Key resistance formed at $0.00001235–1.237, with support near $0.00001222–1.223.
• RSI signaled overbought conditions late in the session, suggesting potential pullback.
• Bollinger Bands showed moderate expansion, with price near the upper band during the breakout.
• Turnover surged to $476.4 million, confirming bullish momentum and retail participation.

Price and Volume Summary

Shiba Inu/Tether (SHIBUSDT) opened at $0.00001157 on October 1, 2025 (12:00 ET – 1), surged to a high of $0.00001232, and closed at $0.00001229 at 12:00 ET. Total volume reached 476.4 billion SHIB tokens, with a notional turnover of $476.4 million, reflecting strong retail and automated buying pressure.

Structure & Formations

Price formed a bullish flag pattern after a sharp 15-minute rally late on September 30, followed by a consolidation phase before breaking out above key resistance at $0.00001225. A series of long-bodied bullish candles confirmed the breakout. A doji formed near $0.00001231, suggesting short-term indecision.

Moving Averages

On the 15-minute chart, price closed above the 50-period and 20-period moving averages, reinforcing the bullish bias. Daily moving averages indicate a longer-term uptrend, with the 50- and 200-period lines aligning in support.

MACD & RSI

MACD showed a strong positive crossover and increasing histogram bars, confirming upward momentum. RSI surged above 75 toward the close, signaling overbought conditions and possible short-term profit-taking. However, the overbought level was extended without immediate bearish reversal, suggesting strong conviction in the trend.

Bollinger Bands

Price broke above the upper Bollinger Band during the final hour of the 24-hour window, indicating high volatility and a continuation of the bullish move. A contraction earlier in the session preceded the breakout, suggesting a potential trend continuation.

Volume & Turnover

Volume spiked in two distinct waves: the first during the breakout from the consolidation range and the second as price neared the overbought zone. Turnover confirmed the volume spikes, with no divergence between price and notional value, indicating aligned retail and institutional demand.

Fibonacci Retracements

A 15-minute swing from $0.00001157 to $0.00001232 aligns with key Fibonacci levels at 38.2% ($0.00001213) and 61.8% ($0.00001227), both of which acted as support during consolidation. The 61.8% level was effectively taken out by the final push toward $0.00001231, suggesting further upside potential.

Backtest Hypothesis

Given the strong bullish momentum, a backtesting strategy could focus on a breakout-based approach: entering longs on a close above the 61.8% Fibonacci level with a stop just below the consolidation range and a target at the next 10–15% extension. This would align with the observed price action, volume confirmation, and RSI extension.

Forward-Looking View and Risk Caution

The recent move above $0.00001232 may face immediate resistance at $0.00001235–1.237, and a test of $0.00001245 could follow. However, a pullback to $0.00001222–1.223 would likely hold based on Fibonacci and volume support. Investors should watch for a bearish divergence in RSI or a breakdown below the 50-period moving average, which could trigger a near-term correction.