SHIBUSDT Market Overview – 2025-09-14

• Price action declined 1.44¢ to 1.38¢ with a bearish trend forming
• RSI and MACD signaled weakening momentum and bearish bias
• Volatility expanded during key selloff, with volume spikes matching price declines
• Bollinger Bands showed price near lower band, confirming bearish pressure
• A 15-minute bearish engulfing pattern formed near resistance 1.44¢

Shiba Inu/Tether (SHIBUSDT) opened at $1.443e-05 on 2025-09-13 12:00 ET, peaked at $1.449e-05, and closed at $1.38e-05 on 2025-09-14 12:00 ET. Total 24-hour volume reached 567,727,442,766.0 with notional turnover matching the bearish momentum seen in the 15-minute chart.

Structure & Formations

Price action over 24 hours traced a bearish trendline, with key resistance at 1.44¢ failing to hold. A 15-minute bearish engulfing pattern formed at the top of the trend, confirming a reversal sentiment. Notable support emerged near 1.40¢ and 1.38¢, where buyers briefly tried to push price higher. A morning session doji at 1.40¢ reflected indecision before a late-day breakdown.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both closed below price, confirming a bearish bias. Daily moving averages (50, 100, and 200) remained relatively flat, suggesting a consolidation phase in the broader context. The 50-period MA may now serve as a dynamic resistance if price attempts to recover.

MACD & RSI

The MACD histogram showed a bearish divergence with price, confirming weakening momentum. The RSI declined from the 50–60 range to the 30–35 range by close, signaling potential oversold conditions. However, given the broader bearish trend, this could represent a false bottom rather than a turning point.

Bollinger Bands

Volatility expanded as price moved near the lower Bollinger Band for most of the session. A contraction in the bands occurred early on, suggesting a pre-breakdown consolidation phase. Price has remained below the middle band, reinforcing bearish control. A rebound to the middle band may test the 1.40¢ level again.

Volume & Turnover

Volume spiked during the morning selloff, particularly at 17:15 ET, when turnover surged to $162.5 billion. Despite a late-day consolidation, volume remained elevated, confirming bearish pressure. Price and volume moved in sync, indicating no divergence. Turnover was generally proportional to price declines.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (1.44¢ to 1.38¢), the 38.2% level (1.41¢) provided a short-term floor, which held during a partial bounce in late hours. The 61.8% level (1.39¢) acted as a key support area, where buyers attempted to push the price back into positive territory. On the daily chart, the 50% and 61.8% retracement levels may become critical if SHIBUSDT tests the 1.40¢ area.

Backtest Hypothesis

Given the bearish engulfing pattern and RSI’s oversold condition, a potential strategy might involve shorting on a breakdown below 1.38¢ with a stop above 1.40¢. A 20-period moving average crossover below the 50-period MA could serve as a confirmation trigger. A backtest over the 24-hour dataset suggests this approach would have captured the bulk of the selloff, especially if volume remained above the 20-period average. However, due to the low RSI reading, a reversal or bounce should also be monitored, potentially incorporating a trailing stop to protect gains during a recovery attempt.