Market Overview for Shiba Inu/Dogecoin (SHIBDOGE)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 9:34 am ET1min read
DOGE
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SHIB
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Aime RobotAime Summary

- SHIBDOGE broke above 6.00e-05 with strong volume, closing at 6.12e-05 after a bullish engulfing pattern.

- MACD confirmed bullish momentum with a golden cross, while RSI reached overbought levels at 72.

- Final 2-hour volume surged 300%, aligning with price strength and institutional buying confirmation.

- 6.15e-05–6.18e-05 resistance and potential 6.20e-05 extension highlight next key price targets.

Summary
• SHIBDOGE formed a bullish breakout above 6.00e-05 with strong volume and closing at 6.12e-05.
• RSI surged into overbought territory, while MACD confirmed a strong positive crossover.
• Volatility expanded with Bollinger Bands widening, supporting a breakout narrative.
• Volume surged 300% in the final 2 hours, aligning with price strength.
• 6.09e-05–6.12e-05 appears to be a new short-term resistance cluster.

Market Overview

Shiba Inu/Dogecoin (SHIBDOGE) opened at 5.98e-05 on 2026-01-15 12:00 ET, surged to a high of 6.15e-05, and closed at 6.12e-05 on 2026-01-16 12:00 ET. The 24-hour trading session saw a total volume of 550,912,853.0 and a notional turnover of 33,570.977.

Structure & Formations

The price action displayed a decisive breakout above the 6.00e-05 psychological level, supported by a bullish engulfing pattern around 6.02e-05–6.04e-05. A potential 50% Fibonacci retracement level at 6.06e-05 was cleared with conviction.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA near 6.02e-05, forming a golden cross. Daily MAs (50, 100, 200) remain bullish, with price currently above all.

Momentum Indicators

MACD crossed above the signal line with a strong histogram, confirming bullish momentum. RSI peaked at 72, indicating overbought territory, though not extreme.

Volatility and Bollinger Bands

Volatility expanded significantly as the price broke above the upper Bollinger Band, with the 20-period band width increasing from 0.02e-05 to 0.05e-05. The price closed near the upper band, reinforcing bullish sentiment.

Volume and Turnover

Volume surged in the final 2 hours of the session, with the 11:45–12:00 ET interval showing a massive 136,837,831.0 volume and 838.8158979 turnover. This volume spike aligned with the breakout and provided confirmation of strong institutional or large-capacity buying.

Forward-Looking View

SHIBDOGE appears to be testing the 6.15e-05–6.18e-05 resistance zone, with potential for a 38.2% Fibonacci extension at 6.20e-05. While the current momentum is bullish, a pullback to test 6.09e-05–6.10e-05 could occur, particularly if the overbought RSI fails to sustain above 70. Investors should monitor volume during breakouts to confirm sustainability.