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

Generated by AI AgentTradeCipherReviewed byDavid Feng
Friday, Nov 14, 2025 5:32 am ET2min read
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- SHIBDOGE rose from $0.0000560 to $0.0000561 amid mixed volume flows, forming higher highs before consolidation.

- RSI near 50 and MACD neutrality indicate balanced momentum, with price bound within Bollinger Bands' one-standard-deviation range.

- Volume spikes at $0.0000568 resistance and bullish engulfing patterns suggest contested price action but failed overnight hold.

- Fibonacci levels at $0.0000564 (38.2%) and $0.0000566 (61.8%) were tested, with $0.0000568 critical for potential breakout confirmation.

- Backtest proposals for SHIBDOGE's Bullish Engulfing pattern require symbol verification to assess strategy efficacy.

Summary
• Price edged up from $0.0000560 to $0.0000561 amid mixed volume flows.
• RSI near 50 suggests neutral

momentum
, with no clear overbought/oversold signals.
• Volume spiked at key resistance levels, hinting at contested price action.

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.0000560 on 2025-11-13 at 12:00 ET, reached a high of $0.0000569, and closed at $0.0000561 by 12:00 ET on 2025-11-14. The 24-hour trading period saw a total volume of 555.5 million units and a notional turnover of $31.1 million.

Price action showed a gradual climb during early evening hours, forming a series of higher highs and higher lows before consolidating. A strong rejection at the $0.0000568 level appeared on multiple 15-minute candles, with bearish reversal patterns such as hanging men and small bodies forming at key price levels. The formation of a bullish engulfing pattern was observed between $0.0000565 and $0.0000568, suggesting potential short-term momentum, though it failed to hold through the overnight session.

The 20-period and 50-period moving averages on the 15-minute chart hovered closely around the price action, indicating a range-bound environment. The RSI hovered near the 50 threshold, reflecting balanced bullish and bearish momentum, while the MACD showed no clear directional bias. Volatility was moderate, with price staying within one standard deviation of the 20-period Bollinger Band for most of the session.

Fibonacci retracement levels from the $0.0000560 to $0.0000569 swing indicated key levels at $0.0000564 (38.2%) and $0.0000566 (61.8%). Price tested the 38.2% level twice during the session, with the second test resulting in a pullback. The next 24 hours may see further consolidation or a breakout attempt, with the $0.0000568 level critical for directional clarity. Traders may watch for volume divergence or confirmation at this level, while a break below $0.0000562 could signal renewed bearish pressure.

Backtest Hypothesis
The analysis above aligns with a strategy focused on detecting and acting on Bullish Engulfing candlestick patterns, a key formation observed in the SHIBDOGE data stream. Given the current data constraints, the proposed backtest would need a verified symbol or adjustments to ensure compatibility with the data source.

For the SHIBDOGE pair, the Bullish Engulfing pattern formed around $0.0000565–$0.0000568 could be used as a signal trigger for a 5-day holding period. If confirmed, this would allow for a quantitative assessment of the pattern's efficacy in this asset class. However, due to the symbol mismatch in the data feed, the backtest cannot be run without further clarification or adjustments.

To proceed, the following options are open:
1. Confirm the correct symbol (e.g., SHIBDOGE-USD on Binance or another exchange).
2. Opt for an alternative symbol such as SHIB-USD or DOGE-USD with reliable OHLC data.
3. Adjust the time frame or pattern type if SHIBDOGE is not available.

Once the symbol is confirmed, the backtest can generate detailed performance metrics including hit ratio, average return, and risk-adjusted returns, providing empirical validation for the strategy.