Market Overview: Shiba Inu/Yen (SHIBJPY) – 24-Hour Technical Snapshot

• SHIBJPY posted a 24-hour high of ¥0.001685 and closed at ¥0.001685, reflecting a bullish close.
• Price broke above ¥0.00166, indicating a potential continuation toward ¥0.001685.
• High volume of ¥1,367,884,257.8 JPY suggests strong buyer participation in the rally.
• Recent bearish corrections below ¥0.001639 may act as near-term support.
• Volatility increased during the late ET hours with a sharp upward move.

Shiba Inu/Yen (SHIBJPY) opened at ¥0.001591 on October 12, 2025, and closed at ¥0.001685 by 12:00 ET on October 13. The pair reached an intraday high of ¥0.001685 and a low of ¥0.001591 over the 24-hour period. Trading volume totaled ¥1,367,884,257.8 JPY, with average volume increasing significantly after 07:00 ET.

Price action on the 15-minute chart indicates a strong upward bias following a breakout above ¥0.00166. A bullish engulfing pattern formed around ¥0.00166 and ¥0.00168, signaling potential for further upside. Key resistance appears to be ¥0.001685, while support levels sit around ¥0.001639 and ¥0.001615. A doji formed near ¥0.001627, suggesting temporary indecision.

The 20-period EMA crossed above the 50-period EMA in the late ET hours, confirming a shift in short-term momentum. On the daily timeframe, the 50-period SMA is below the 200-period SMA, suggesting longer-term bearish bias but with short-term bullish momentum overriding it for now.

RSI hovered between 50 and 60 for much of the session, indicating moderate bullish momentum. However, it approached the overbought threshold near 65 before consolidating, which may delay a sharp reversal. MACD was not available due to data limitations, but RSI behavior suggests a potential pullback is likely.

Bollinger Bands expanded significantly during the late ET upswing, indicating rising volatility. Price has remained near the upper band for the last five hours, suggesting a possible near-term reversal if it fails to break out. On the other hand, a continuation above ¥0.001685 would confirm a breakout.

Fibonacci retracement levels suggest a 61.8% retracement of the recent ¥0.001615–¥0.001685 swing is around ¥0.001645. If SHIBJPY fails to hold this level, a retest of ¥0.001639 may follow. A successful close above ¥0.001685 would aim for ¥0.001714, which marks a 127.2% extension of the recent rally.

The total turnover, driven by high volume in the late ET and early local Japan sessions, suggests strong participation and potential institutional or algorithmic activity. Notably, several 15-minute candles recorded near-zero volume (e.g., ¥0.001633), which might indicate automated or delayed order execution.

SHIBJPY appears to be in a consolidation phase after a sharp breakout, with higher volatility and volume supporting the bullish narrative. A continuation above ¥0.001685 could target ¥0.001714, but investors should be cautious of a pullback near ¥0.001639, where previous support may offer a short-term floor.

Backtest Hypothesis aligns with the current bullish momentum, particularly if a Golden Cross occurs between the 20/50-period EMAs. However, given that MACD data was unavailable, the strategy’s exact effectiveness cannot be evaluated without a recognized ticker symbol. If a Golden Cross did occur on the 15-minute chart, the strategy would suggest holding until a Death Cross (50-period EMA below 20-period EMA) or a divergence in RSI. The recent upward momentum and consolidation above ¥0.00166 suggest that such a strategy may have had success in the last 24 hours, though its long-term viability remains speculative without access to historical MACD data.