Market Overview: Shiba Inu/Dogecoin 24-Hour Action

Summary
• SHIBDOGE formed a bullish breakout above 5.70e-05 with volume surging at key levels.
• RSI and MACD showed positive divergence suggesting sustained upward momentum.
• Volatility expanded in early hours, with price consolidating near 5.74e-05.
• A potential resistance zone appears at 5.75e-05 based on 24-hour highs and Fibonacci levels.
• Turnover spiked with two 100M volume candles, indicating potential whale activity.

Shiba Inu/Dogecoin (SHIBDOGE) opened at 5.69e-05 on 2025-12-25 at 12:00 ET, reached a high of 5.75e-05, and closed at 5.73e-05 on 2025-12-26 at 12:00 ET. Total 24-hour volume was 805,179,444.0, and notional turnover hit approximately 45.01 (based on average price).

Structure & Formations

Price action shows a strong bullish bias after breaking through 5.70e-05. The candle at 23:00 ET formed a strong white candle confirming the breakout, followed by a retest and consolidation. A small bearish shadow at 00:00 ET may indicate short-term profit-taking. Key support appears at 5.69e-05, with 5.68e-05 as a secondary level.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are aligned upwards, suggesting short-term bullish bias. The daily chart is not available in this dataset but historical context implies the 50-day MA is likely underpinning this rally.

MACD & RSI

MACD turned positive and crossed above the signal line, confirming bullish momentum. RSI rose to 57–60, avoiding overbought territory, and showed a positive divergence at 02:15 and 05:00 ET, suggesting strength in the rally.

Bollinger Bands

Volatility expanded between 22:30 and 23:00 ET, with a large bullish candle moving above the upper band. Price has since consolidated within the bands, indicating a potential pause before the next move.

Volume & Turnover

Volume surged in three instances: at 22:30 ET (273,263,090), 23:00 ET (493,560,389), and 00:00 ET (100,000,000). These spikes correlate with price pushes to new highs, suggesting institutional or whale participation. Turnover aligned with volume, indicating no material divergence.

Fibonacci Retracements

Applying Fibonacci to the 22:30–23:00 ET move, key levels are 5.72e-05 (38.2%), 5.73e-05 (50%), and 5.74e-05 (61.8%). Price has tested and held above the 50% level, with a potential test of 61.8% expected in the next 24 hours.

SHIBDOGE appears to have broken through a key resistance level with confirmation through volume and price action. The next 24 hours could see a test of 5.75e-05, but a pullback to 5.69e-05 may offer a more favorable entry for longs. Investors should remain cautious of sudden volume contractions or a bearish divergence in RSI as early warning signs.