Market Overview: Shiba Inu/Dogecoin (SHIBDOGE) – 24-Hour Technical Summary

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Thursday, Nov 13, 2025 4:52 am ET1min read
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- SHIBDOGE fell 1.96% to $0.0000557 amid a large-volume bearish engulfing pattern and widened Bollinger Bands.

- Key support at $0.0000554 aligns with 61.8% Fibonacci level, while resistance clusters near $0.0000565–$0.0000568.

- Diverging price-stable/turnover-declining signals waning bearish momentum, though RSI-based buy strategies lack actionable data.

Summary
• Price action shows a bearish trend with a 1.96% decline from $0.0000565 to $0.0000557.
• Volatility expanded in early ET with a large-volume bearish engulfing pattern.
• Divergence between price and turnover hints at fading bearish momentum.

Shiba Inu/Dogecoin (SHIBDOGE) opened at $0.0000565 at 12:00 ET–1 and closed at $0.0000557 by 12:00 ET today, with a high of $0.0000568 and low of $0.0000554 over the 24-hour period. Total volume traded amounted to 965,421,216 units, with a notional turnover of approximately $53.1 million (calculated using average price of $0.000055).

On the 15-minute chart, SHIBDOGE displayed a bearish bias, characterized by a large-volume bearish engulfing pattern during the 18:30–19:00 ET timeframe, which marked a 0.54% drop in price. Key support levels were observed near $0.0000554, with a 61.8% Fibonacci retracement level coinciding with this area from a prior $0.0000565–$0.0000557 decline. Resistance levels remain clustered near $0.0000565–$0.0000568, where price previously stalled.

The 20-period and 50-period moving averages on the 15-minute chart have both turned lower, reinforcing the short-term bearish tone. However, the 50-period daily moving average is currently above the price, suggesting a potential divergence between short- and longer-term momentum.

Bollinger Bands have widened significantly after a period of consolidation, indicating a potential breakout is in motion. Price remains near the lower band, suggesting oversold conditions are emerging.

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Price and turnover appear to diverge in the final hours of the day. While the price stabilized near the $0.0000557 level, turnover declined sharply, indicating that bearish selling pressure may be subsiding. This could hint at a short-term bottoming process or at least a pause in the downward momentum.

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Backtest Hypothesis
To refine potential entry points for SHIBDOGE, a strategy based on the RSI indicator could be useful. Specifically, a 5-day-hold strategy that enters on RSI readings below 30 (oversold territory) may offer buy opportunities during sharp downward corrections. However, due to missing RSI data for the SHIBDOGE ticker, this strategy cannot be fully implemented or backtested at this time. Once the exact symbol is confirmed—ideally with a reliable exchange like Binance or KuCoin—this approach can be validated using historical data from 2022 to 2025. This would provide a clearer assessment of how effective such a strategy might be for SHIBDOGE in volatile

memecoin
conditions.

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