Market Overview for Shiba Inu/Dogecoin (SHIBDOGE): 24-Hour Action and Key Levels

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Summary
• SHIBDOGE traded in a tight range from $0.000047 to $0.0000485, with a late rally toward the close.
• Volume surged during late-night trading, indicating potential accumulation or distribution.
• RSI remains neutral, with no signs of overbought or oversold conditions.
• A bullish engulfing pattern formed near support at $0.0000475, signaling possible short-term buying interest.
• Bollinger Bands show slight contraction, suggesting lower volatility before a potential breakout.

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.0000473 at 12:00 ET on September 18, 2025, reaching a high of $0.0000485 before settling at $0.000048 at 12:00 ET on September 19. Total volume for the 24-hour period was 782,863,652.0, with a notional turnover of approximately $37.74. The pair remained within a consolidation pattern, with key support at $0.0000475 and resistance at $0.0000485.

The structure of the candlestick pattern over the last 24 hours shows a tightening of the range, with price finding a temporary base at $0.0000475 and testing the upper bound multiple times. A bullish engulfing pattern formed at 22:45 ET on September 18, suggesting a potential reversal. Doji appear at key levels, especially around $0.000048, signaling indecision. The price may test $0.0000485 over the next 24 hours, with a breakdown below $0.0000475 indicating a deeper pullback.

A 20-period EMA on the 15-minute chart sits at $0.0000479, while the 50-period EMA is at $0.0000480. Both lines slope upward, suggesting a slight bullish bias. The MACD line has crossed above the signal line, indicating positive momentum. RSI oscillated between 40 and 60, showing balanced buying and selling pressure. Price remains within one standard deviation of the 20-period Bollinger Band, signaling a low-volatility environment.

The latest swing from $0.0000475 to $0.0000485 has seen a 61.8% retracement level at $0.0000480, a critical area to watch for potential continuation or reversal. If price breaks above $0.0000485, the next Fibonacci level at $0.0000488 could become a new resistance target. If it fails, a 38.2% retracement at $0.0000478 could provide temporary support.

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Backtest Hypothesis

A potential backtesting strategy involves using the 20-period EMA and RSI to generate buy/sell signals. A long signal is generated when the 20 EMA turns upward and RSI crosses above 40, with a stop-loss placed below the 20 EMA. A short signal is initiated when the 20 EMA turns downward and RSI drops below 60. The 61.8% Fibonacci level and Bollinger Band divergence could refine entries and exits.

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