Market Overview: SHIBJPY Sees Extended Sell-Off Amid Elevated Volatility and Oversold Momentum

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 21, 2025 9:09 am ET1min read
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- SHIBJPY fell sharply 4.15% in 24 hours, closing at 0.001165 after heavy post-ET sell-off.

- RSI hit oversold 28 by 12:00 ET while Bollinger Bands contracted before bearish breakout.

- Key support at 0.001161-0.001164 tested amid $613k notional turnover and 528B unit volume surge.

- Death cross on 5-minute SMAs and negative MACD confirm bearish bias despite potential short-term bounce.

Summary
• Price declined 4.15% in 24 hours, closing at 0.001165 after a sharp sell-off post-12:00 ET.
• Volatility spiked during late-night trading with high volume surges near 0.001164–0.001166.
• RSI reached oversold territory by 12:00 ET, signaling potential short-term bounce.
• Bollinger Bands contracted in the early morning, followed by a break lower.
• Key support appears at 0.001161–0.001164, with resistance retested at 0.001171–0.001174.

Shiba Inu/Yen (SHIBJPY) opened at 0.001173 on 2025-12-20 at 12:00 ET, touched a high of 0.001178, and fell to a low of 0.001136 before closing at 0.001165 on 2025-12-21 at 12:00 ET. Total volume was 528,717,440,000 units, with notional turnover reaching approximately $613,836, based on SHIBJPY prices.

Structure & Formations


The 24-hour chart shows a bearish breakdown from the 0.001171–0.001174 resistance cluster, with price testing lower supports at 0.001164 and 0.001161. A long bearish candle forming between 12:00 and 12:15 ET (0.001165–0.001162) suggests capitulation, while a potential bullish engulfing pattern is forming near 0.001164–0.001165.

Moving Averages


On the 5-minute chart, the 20- and 50-period SMAs are in a death cross, reinforcing the bearish bias. Daily MAs are more neutral, with the 50-period SMA at 0.001166 and the 200-period SMA near 0.001167. Price is currently below all key daily averages, indicating further downside may be likely.

Momentum Indicators


Relative Strength Index (RSI) reached 28 by 12:00 ET, suggesting a potential short-term rebound. The Moving Average Convergence Divergence (MACD) remains in negative territory, with the histogram narrowing, pointing to waning bearish momentum.

Volatility & Bollinger Bands


Volatility expanded during the overnight hours as price broke below the lower Bollinger Band (0.001161–0.001164), with the band contraction visible just before the sharp decline. Price remains below the lower band, suggesting increased bearish risk.

Volume and Turnover


Volume spiked during the 12:00–14:00 ET window, particularly in the 13:00–14:00 ET period, as price fell from 0.00115 to 0.001136. Notional turnover aligned with volume spikes, confirming the bearish move.

Fibonacci Retracements


On the 5-minute chart, key Fibonacci levels were tested at 0.001164 (38.2%), 0.001161 (61.8%), and 0.001167 (50%). Daily retracements are less significant due to the extended bearish move, but 0.001166–0.001167 appears to act as a psychological pivot.

Price may attempt a short-term rebound from the 0.001161–0.001165 range in the next 24 hours, but without a clear reversal pattern or strong volume confirmation, a test of 0.001153–0.001157 remains a risk. Investors should watch for a decisive move above 0.001167 for a potential short-covering rally.