SHIBUSDT 24-Hour Price Action

• Shiba Inu (SHIBUSDT) closed near a key resistance level at $0.00001365 after forming a bullish breakout pattern.
• Volatility expanded midday, with a 20% increase in notional turnover signaling growing interest.
• RSI suggests overbought conditions emerged late in the session, hinting at potential pullback risk.
• Price action shows consistent buying pressure above $0.00001350, with strong volume confirmation.

Market Overview

Shiba Inu (SHIBUSDT) opened at $0.00001335 on 2025-08-12 12:00 ET and reached a high of $0.00001375 before closing at $0.00001368 by 2025-08-13 12:00 ET, with a low of $0.00001340. Total volume for the 24-hour period was approximately 388.8 billion SHIB, and notional turnover (USD volume) was roughly $52.9 million.

Structure & Formations

Price formed a series of higher highs and higher lows from late afternoon to midday, creating a bullish ascending triangle pattern. Key support appears at $0.00001350, which was repeatedly tested and held, while resistance emerged at $0.00001365. A long-bodied bullish candle at the top of the triangle on 2025-08-13 20:30 ET confirmed the breakout.

Moving Averages

On the 15-minute chart, the 20-period MA closely followed the price action, staying below the 50-period MA, reinforcing bullish momentum. On the daily chart, the 50-period MA crossed above the 100-period MA in the prior week, suggesting a broader bullish bias.

MACD & RSI

The MACD crossed into positive territory midday and remained strong through the close, with a histogram that expanded significantly. RSI reached overbought territory in the final hours, peaking at 72, suggesting a potential near-term correction.

Bollinger Bands

Volatility increased as the Bollinger Band width expanded during the breakout phase. Price closed just below the upper band, indicating strong momentum but also a potential near-term reversal risk if buyers begin to fade.

Volume & Turnover

Volume spiked during the breakout, with the largest 15-minute volume occurring at 20:30 ET (37.3 billion SHIB). Notional turnover increased in tandem with price, confirming strength in the move. No major divergence between price and volume was observed.

Fibonacci Retracements

Recent 15-minute swings saw SHIBUSDT retest the 61.8% Fibonacci retracement level at $0.00001358 before breaking out. On the daily chart, the 38.2% retracement level at $0.00001360 appears to act as a psychological threshold for near-term buyers.

Looking ahead, SHIBUSDT may face consolidation pressure near $0.00001365–$0.00001370, with a possible pullback to test $0.00001350 if the overbought RSI triggers profit-taking. Investors should watch for a break below $0.00001350 for a potential shift in momentum.