SHIBJPY +291.73% in 24 Hours Amid Sharp Short-Term Rebound

On SEP 8 2025, SHIBJPY rose by 291.73% within 24 hours to reach $0.001911, marking a significant short-term rebound. Over the past seven days, the pair surged by 302.87%, with a monthly gain of 606.9%. While the annual performance remains negative at -4279.28%, the recent momentum has drawn attention to potential technical drivers behind the rapid upswing.

The surge appears to be fueled by a sharp reversal from a prior consolidation phase, which had limited the pair’s movement for several weeks. On the intraday chart, SHIBJPY broke above a key resistance level, triggering a wave of bullish momentum. This breakout coincided with a divergence in the RSI indicator, suggesting a possible shift in market sentiment. Analysts project that if the price can maintain its position above the 0.001850 level, further upward movement is likely in the coming days.

On the weekly chart, SHIBJPY has formed a bullish continuation pattern, indicating a potential extension of its upward trajectory. The 20-period exponential moving average (EMA) has crossed above the 50-period EMA, forming a golden cross that is often interpreted as a bullish signal. Additionally, volume surged during the breakout, reinforcing the technical validity of the move. The pair’s ability to hold above the 0.001850 support-turned-resistance level will be a critical factor in determining the sustainability of the rally.

The confluence of these technical indicators suggests a short-term bullish bias, although the long-term trend remains bearish. Traders are closely watching whether SHIBJPY can establish a new base above 0.001900 and if follow-through buying materializes. Analysts project that a sustained break above 0.001950 could invite additional buyers, while a drop below 0.001800 might trigger a retest of the previous range.

Backtest Hypothesis
A potential backtesting strategy involves using the EMA crossover and RSI divergence as entry triggers, with stops placed just below the most recent swing low. The hypothesis is that a combination of these indicators could have identified the breakout with sufficient lead time to capture a portion of the upswing. This strategy would aim to enter long positions following a golden cross and a bearish RSI divergence, with exits set at either a 10% target or a stop-loss at the next key support. The performance of this strategy would depend on the strength and consistency of the signals, as well as the market's response to the breakout level.