Market Overview: Shiba Inu/Dogecoin (SHIBDOGE) – 2025-10-12 24-Hour Analysis

• Price declined from a high of $0.0000544 to a low of $0.0000511, closing near $0.0000531
• RSI entered oversold territory late in the session, suggesting potential short-term bounce
• Volatility expanded mid-day, with volume surging near $0.0000522
• Bollinger Bands widened, reflecting increased price swings
• Fibonacci retracement levels at $0.0000529 and $0.0000540 appear critical for near-term direction

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.0000537 (12:00 ET – 1), reaching a high of $0.0000544 and a low of $0.0000511, closing at $0.0000531 (12:00 ET). Total volume was 1,073,252,499, and turnover amounted to $56.2 million. The session saw a volatile reversal from a late-night pullback and a morning rally.

Structure & Formations

Price formed a bearish engulfing pattern at $0.0000542 and a bullish harami near $0.0000522. A strong support level emerged at $0.0000511–$0.0000514 after the late-day low. Resistance appears at $0.0000535 and $0.0000540, with the 61.8% Fibonacci level aligning with the latter.

Moving Averages

On the 15-minute chart, the 20-period MA acted as a dynamic resistance during the early rally, while the 50-period MA drifted lower. On the daily chart, SHIBDOGE is below both the 50 and 200 MA, reinforcing a bearish bias. A cross above the 50 MA on the daily timeframe would signal a short-term reversal.

MACD & RSI

The MACD turned negative in the afternoon, confirming bearish momentum. The RSI hit oversold territory near 30 late in the session, suggesting a potential bounce. However, a divergence between price and RSI suggests caution — a reversal may be delayed or shallow.

Bollinger Bands

Volatility expanded sharply as price moved from the upper band to the lower band within a few hours. The narrowing of the bands earlier in the session indicated a consolidation period, followed by a breakout to the downside. Price has since stayed near the lower band, suggesting a continuation of bearish pressure unless a strong reversal occurs.

Volume & Turnover

Volume surged at $0.0000522, signaling increased selling pressure. The largest single 15-minute turnover spike occurred at $0.0000522 with a notional value of $27.3 million. Despite the rally, volume failed to confirm a strong bullish reversal, as most uplegs were on declining volume.

Fibonacci Retracements

A major swing from $0.0000544 to $0.0000511 shows key levels at $0.0000529 (38.2%), $0.0000538 (50%), and $0.0000540 (61.8%). Price briefly tested $0.0000538 in the morning but failed to hold. A retest of $0.0000538 could see renewed selling pressure if the 50-period MA is not held.

Backtest Hypothesis

A potential backtesting strategy involves using the 20-period MA as a signal line in conjunction with RSI for entry timing. When price closes above the 20 MA and RSI moves out of oversold territory, a long entry could be triggered. The stop-loss would be placed below the most recent swing low, and targets could be set at the 38.2% and 61.8% Fibonacci levels. This strategy aligns with the observed bearish consolidation and potential for a bounce from the $0.0000522 support.