Market Overview for Shiba Inu/Dogecoin (SHIBDOGE) – 2025-09-20

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• SHIBDOGE edged higher over 24 hours, closing near a 24-hour high with muted volume spikes.
• Price action shows consolidation after a late-night rebound, with no clear breakout above 4.88e-05.
• RSI remains in neutral territory, suggesting limited overbought or oversold momentum.
• Bollinger Bands show moderate volatility, with price hovering near the midline.
• Notable volume spikes occurred during midday ET, coinciding with a 4.86e-05 pullback.

The SHIBDOGE pair opened at 4.84e-05 on 2025-09-19 at 12:00 ET, reached a 24-hour high of 4.89e-05, and closed at 4.87e-05 as of 12:00 ET on 2025-09-20. Total traded volume stood at approximately 276,155,779.0, while notional turnover was estimated at ~$13,439 (based on SHIBDOGE’s value). Price formation revealed a modest rally after a pullback in early morning hours, with a bullish engulfing pattern observed around 02:45–03:00 ET, followed by a brief bearish rejection near 05:00 ET. The 20-period and 50-period moving averages on the 15-minute chart have been converging, indicating a potential flattening in directional momentum.

Key support levels have formed around 4.85e-05 and 4.83e-05, with resistance clustering near 4.88e-05 and 4.89e-05. A doji candle emerged at 11:45 ET, suggesting indecision among traders ahead of a late-day push. MACD remains flat, with no clear bullish divergence, while RSI hovered between 50 and 60 most of the day, reflecting moderate buying interest without signs of overbought conditions. On the Bollinger Bands, price stayed within the upper and lower bounds for much of the period, with a slight volatility expansion noted after 08:00 ET as the price tested the upper band.

Fibonacci retracement levels on the 15-minute chart indicate a 61.8% level at 4.87e-05, where the price found resistance before retreating slightly. On the daily chart, the 38.2% retracement level at 4.85e-05 appears to have provided temporary support. Notable volume spikes were recorded during midday ET and early morning hours, with several periods of zero-volume trading observed during late afternoon and early morning, suggesting a lack of urgency among traders during quieter hours. Divergences between price and volume were minimal, indicating that price movements were largely supported by underlying liquidity.

Backtest Hypothesis

A potential backtesting strategy could involve using the 20-period and 50-period moving averages on the 15-minute chart to identify entry points, combined with RSI to confirm momentum. Traders could look to go long on SHIBDOGE when price crosses above the 20-period MA with RSI rising above 50, and exit when the RSI approaches 70 or when price falls below the 50-period MA. Conversely, short entries might be considered when price closes below the 20-period MA and RSI dips below 50. Stops could be placed slightly below key support levels (e.g., 4.83e-05) for long positions and slightly above resistance (e.g., 4.89e-05) for short entries. This strategy could be optimized for intraday volatility, particularly between 06:00 and 11:00 ET, when volume and price swings tend to be more pronounced.