Market Overview for Shiba Inu/Dogecoin (SHIBDOGE) – 24-Hour Analysis (2025-09-05)

• SHIBDOGE traded in a narrow range, with a 24-hour low of $0.0000565 and high of $0.0000572.
• Price found support at $0.0000565 and tested resistance at $0.0000572, but failed to break out.
• RSI and MACD signaled low momentum with no overbought or oversold extremes.
• Volatility contracted as the 24-hour Bollinger Band range narrowed.
• Volume spiked sharply in the early hours of 2025-09-05, but failed to confirm a bullish breakout.

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.0000568 on 2025-09-04 at 12:00 ET and traded within a tight range over the next 24 hours. The highest level reached was $0.0000572, while the lowest was $0.0000565. By 12:00 ET on 2025-09-05, the price closed at $0.0000568. Total volume amounted to 476,834,899, with a notional turnover of approximately $26,500 (calculated using SHIBDOGE price and volume).

The structure of the candlestick pattern showed a lack of strong directional bias, with most candles closing near the open. A key support level formed around $0.0000565, and a minor resistance at $0.0000572. No clear reversal patterns emerged, but a bearish divergence in the early morning suggested potential exhaustion in the upward move.

The 20 and 50-period moving averages on the 15-minute chart were closely aligned, with the price fluctuating between them. Daily MAs showed a slightly bullish bias, but intraday momentum was weak. The MACD remained in neutral territory, while RSI hovered around 50, indicating no strong overbought or oversold conditions. Bollinger Bands showed a contraction in volatility, with the price staying within the band most of the time.

Fibonacci retracement levels identified potential support and resistance at 38.2% and 61.8% of the recent swing high. Price tested the 61.8% level twice but failed to push through. This suggests the pair may continue to trade in a tight range ahead, pending a catalyst to break the consolidation.

Backtest Hypothesis
The backtesting strategy involves entering long positions when the 20-period MA crosses above the 50-period MA on the 15-minute chart and exits when the 50-period MA crosses below the 20-period MA. Additionally, volume must confirm the breakout by surpassing a 1.5 standard deviation above the 20-period average volume. Given the recent price action and the lack of clear trend formation, this strategy may struggle to generate consistent signals unless SHIBDOGE experiences a breakout or strong volume surge in the next 24 hours.