Market Overview for Shiba Inu/Dogecoin (SHIBDOGE) – October 14, 2025

• Price action remained range-bound with intraday highs and lows within a narrow $5.15e-05–$5.27e-05 corridor
• Momentum indicators showed little directional strength, suggesting consolidation
• Volatility dipped in late hours, but volume spiked during key pullbacks and breakouts
• Key support found near $5.18e-05 and resistance near $5.24e-05–$5.25e-05
• A bullish reversal pattern appeared briefly in early morning hours but failed to gain traction

Shiba Inu/Dogecoin (SHIBDOGE) opened at $5.24e-05 at 12:00 ET–1, reached a high of $5.27e-05, and a low of $5.15e-05, closing at $5.23e-05 by 12:00 ET. Total volume for the 24-hour window was 693,390,545, with a notional turnover of $34,812.23 (assuming $5.23e-05 as reference). The pair remains in a tight consolidation phase with limited directional bias.

Structure & Formations

Over the past 24 hours, SHIBDOGE oscillated between $5.15e-05 and $5.27e-05, with key support identified at $5.18e-05 and $5.15e-05, and resistance at $5.24e-05 and $5.25e-05. A brief bullish reversal formation was observed around 07:30–08:00 ET as price bounced off the $5.23e-05 level with a higher volume bar. However, the formation failed to sustain above $5.25e-05, indicating bearish skepticism.

Moving Averages

The 15-minute 20SMA and 50SMA remained closely aligned, suggesting no strong trend has developed. The 20SMA crossed above the 50SMA briefly in the early morning, forming a potential short-term bullish signal, but the cross reversed as price struggled to maintain gains above $5.24e-05. For daily charts, a longer-term 50/200-day SMA analysis would be needed to detect broader positioning.

MACD & RSI

The MACD oscillator remained near zero throughout the 24-hour period, indicating a lack of directional momentum. RSI hovered in the mid-50 range, signaling indecision. A slight overbought condition was observed briefly at $5.27e-05, but it was quickly corrected. No clear divergence between price and indicators was observed, suggesting continuation rather than reversal dynamics.

Bollinger Bands

Price action stayed within the Bollinger Bands, indicating low volatility and sideways movement. The bands have been contracting slightly over the past 12 hours, which may signal an upcoming breakout or breakdown. However, as of 12:00 ET, no significant expansion has occurred, and price remains within the middle band.

Volume & Turnover

Volume spiked during key price swings, particularly when price tested resistance levels and during pullbacks to the $5.18e-05–$5.19e-05 area. Notional turnover increased during these swings, confirming the strength of key level retests. However, volume dropped off during consolidation, indicating a lack of strong conviction from traders.

Fibonacci Retracements

Using the most recent 15-minute swing (from $5.27e-05 to $5.15e-05), key Fibonacci levels at 38.2% ($5.20e-05) and 61.8% ($5.19e-05) provided temporary support. These levels were retested multiple times, with $5.19e-05 acting as a strong magnet for buyers. For daily moves, Fibonacci levels suggest that further consolidation may continue until a directional move is confirmed beyond these key retracements.

Backtest Hypothesis

To assess potential entry strategies, a backtest using the Bullish Harami signal is proposed. This pattern typically involves entering a long position upon confirmation and holding for five days. However, our data retrieval for SHIBDOGE has encountered limitations due to potential ticker format issues or lack of coverage. To proceed, the correct ticker symbol (e.g., “SHIBDOGE-USD”) or specific signal dates would be required to run a historical 5-day-hold backtest from 2022-01-01 to the present. Once the correct data is secured, we can evaluate the efficacy of this strategy within SHIBDOGE's volatility profile.