SHIBDOGE Market Overview: Stagnation and Testing of Key Support

• SHIBDOGE traded in a tight range with 24-hour volatility below 0.000003.
• Key support at $0.0000483 tested twice late in the session with partial recovery.
• Volume surged post-ET 21:00, yet price drifted lower — bearish divergence.
• RSI near 40 and MACD flat suggest low momentum, no clear overbought/oversold signals.
• Bollinger Bands narrow in the morning, then expand — mixed volatility signal.

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.000049 on October 2, 2025 (12:00 ET − 1), with a high of $0.0000493 and a low of $0.0000482 before closing at $0.0000486 as of October 3, 12:00 ET. Total volume reached 982.3M units, while notional turnover stood at $47.5K. Price remains in a tight range, with bearish divergence emerging in late trading hours.

Over the past 24 hours, SHIBDOGE has remained within a narrow $0.0000011 range, with price action largely constrained by horizontal supports and resistances. Notable price rejection occurred at $0.0000493 twice, suggesting resistance is holding firm in this range. A key support level at $0.0000483 was tested during the evening and again early the next day, with partial recovery but no clear breakout. A potential bearish engulfing pattern emerged during the 19:00–20:00 ET timeframe, with a bearish bias confirmed by lower closing prices.

The 20-period and 50-period moving averages on the 15-minute chart are closely aligned, both hovering around $0.0000488 to $0.0000489. On the daily timeframe, the 50-day and 200-day moving averages are not a significant factor given the flat range, but a slight bearish bias could emerge if price closes below the 200-day MA. Bollinger Bands showed a contraction in the morning, indicating low volatility, followed by a modest expansion in the evening, reflecting increased trading pressure without directional clarity. The RSI remains neutral near 40, with no clear overbought or oversold signals, and MACD is flat, suggesting a low-momentum environment.

Volume spiked sharply during the late evening and early morning hours, particularly between 21:00 and 23:00 ET, with over 745M units traded in a single 15-minute candle. However, price declined despite the surge in volume, signaling a bearish divergence. This suggests that while activity increased, buying pressure was insufficient to maintain higher prices. Additionally, notional turnover remained modest, indicating a lack of conviction from large market participants. A 61.8% Fibonacci retracement level from the recent high of $0.0000493 to the low of $0.0000482 sits at $0.0000485 — currently a key level to watch for a potential continuation or reversal.

Backtest Hypothesis:
The proposed backtesting strategy focuses on divergence and key support/resistance levels as entry triggers. A potential long setup could be considered if SHIBDOGE breaks above $0.0000486 with confirmation from RSI and MACD turning bullish, while a short setup may emerge if price falls below $0.0000483 with volume expansion and bearish momentum. This aligns with the observed behavior in the recent 15-minute chart, where divergences occurred despite flat technical indicators. A stop-loss placed 0.5% below key support or 0.5% above key resistance may help mitigate risk in both scenarios.

A candlestick chart showing SHIBDOGE’s price action from October 2 to October 3, with horizontal lines at $0.0000483 (support), $0.0000486 (current close), and $0.0000493 (resistance). Volume spikes in the evening hours are highlighted with arrows.

A visual of RSI and MACD indicators showing a neutral RSI around 40 and a flat MACD line. Bollinger Bands are plotted with a slight expansion in the evening. A 20-period and 50-period moving average on the 15-minute chart converge near $0.0000489.