Market Overview: Shiba Inu/Dogecoin (SHIBDOGE) on 2025-09-25

• Shiba Inu/Dogecoin traded higher, closing at 5.16e-05, with a 24-hour high of 5.16e-05 and a low of 4.97e-05.
• Price formed bullish engulfing and hammer patterns during key 15-minute candles, suggesting continued buying interest.
• MACD showed positive divergence while RSI remained neutral, indicating potential follow-through but not overbought conditions.
• Volatility expanded in the final hours with increased volume, especially near the 5.16e-05 level.

Price Summary and Volume

Shiba Inu/Dogecoin (SHIBDOGE) opened at 4.98e-05 on 2025-09-24 at 12:00 ET and closed at 5.16e-05 on 2025-09-25 at 12:00 ET. The 24-hour high reached 5.16e-05, while the low touched 4.97e-05. Total trading volume for the period was 684,814,879.0, with a notional turnover of approximately $34,883,310.57. Price action showed a consistent upward bias, especially after 19:45 ET on the 24th, when buying pressure intensified.

Structure and Candlestick Formations

Price formed a bullish engulfing pattern between 19:45 and 20:00 ET on the 24th, which marked a key reversal from a consolidation phase. A hammer pattern followed at 20:15 ET, reinforcing the potential for a continuation of the uptrend. The last candle before 12:00 ET on the 25th closed as a long upper wick, suggesting some short-term profit-taking but still indicating strength.

Support and Resistance

Key support levels appear at 5.11e-05 and 5.07e-05, with 5.05e-05 acting as a critical psychological level. Resistance is forming at 5.16e-05, where price repeatedly tested and failed to break beyond in the final hours.

Volatility and Indicators

Bollinger Bands widened during the 24th, indicating an expansion in volatility. Price closed near the upper band at 5.16e-05, which may suggest overbought conditions. The MACD (12,26,9) showed positive divergence, with a bullish crossover occurring around 20:30 ET on the 24th. The RSI (14) remained in the neutral range between 50 and 60, indicating that while the move is positive, it is not yet overbought. Fibonacci retracement levels showed that the 38.2% level at 5.11e-05 and the 61.8% level at 5.15e-05 played a role in price action.

Volume and Turnover

Volume spiked to 56,097,136.0 at 19:45 ET and again to 57,262,553.0 at 11:00 ET on the 25th, confirming the strength of the rally. Notional turnover also increased during these periods, especially near the 5.16e-05 level. The divergence between price and volume was minimal, indicating strong conviction in the move.

Backtest Hypothesis

The backtest strategy described focuses on breakout entries based on confirmed Bollinger Band squeezes and positive MACD crossovers on 15-minute charts. In this case, the squeeze was confirmed at 19:45 ET, and the MACD crossover occurred shortly after, aligning with the strategy’s entry criteria. A stop-loss could be placed just below the 5.07e-05 support, with a target at the 5.15e-05 Fibonacci retracement level. This setup would have captured the majority of the rally with limited risk, suggesting the strategy is viable in this scenario.