SHIBDOGE Market Overview for 2025-09-21

• Price consolidates near 4.84e-05 with limited volatility.
• Volume surged in late-night and early-morning ET with price pullbacks.
• RSI remains neutral near 50, indicating no clear overbought or oversold bias.
• MACD shows flat momentum, with no strong bullish or bearish divergence.
• Fibonacci levels at 4.83e-05 and 4.85e-05 appear to act as key support and resistance.

Shiba Inu/Dogecoin (SHIBDOGE) opened at 4.85e-05 at 12:00 ET−1 and closed at 4.84e-05 at 12:00 ET, trading between 4.81e-05 and 4.86e-05 over the 24-hour period. Total volume was 1.1831955398e+09 with an estimated turnover of $56.83 million.

The price structure shows a pattern of consolidation, with the 4.84e-05 level repeatedly tested as both support and resistance. A notable bearish engulfing pattern appeared around 09:45–10:00 ET, followed by a minor recovery. Doji candles at 02:30–03:30 ET and 08:00–08:30 ET suggest indecision and potential trend reversals. The 4.84e-05 level appears to be the key psychological barrier for the pair.

Moving averages on the 15-minute chart indicate a sideways trend. The 20-period and 50-period moving averages are closely aligned, suggesting no clear direction. On the daily chart, the 50-period MA is above the 100-period MA, but the 200-period MA continues to act as a strong support zone. This suggests a neutral to potentially bullish outlook if the price breaks above 4.85e-05.

Bollinger Bands show a moderate contraction around 02:00–04:00 ET, indicating a period of consolidation. Price action has remained within the bands for the majority of the period, with a brief break outside during the late-night surge. RSI remains in the neutral range (45–55), suggesting no overbought or oversold condition. MACD has been flat with no significant divergence, indicating low momentum. Volume spikes are visible at 19:00–20:00 ET and again at 01:00–02:00 ET, coinciding with price pullbacks.

Fibonacci retracement levels for the 15-minute chart highlight 4.83e-05 as the 38.2% support and 4.85e-05 as the 61.8% resistance. These levels have been repeatedly tested but not decisively broken. On the daily chart, the 50% Fibonacci level at 4.83e-05 is acting as a strong support. A close above 4.85e-05 would indicate a potential resumption of an uptrend.

In the next 24 hours, SHIBDOGE may find direction if either 4.83e-05 or 4.85e-05 breaks. A sustained move below 4.83e-05 could trigger a deeper correction, while a breakout above 4.85e-05 may attract new buyers. Investors should watch for any increase in volume or divergence in the RSI as potential signals.

The backtesting strategy involves identifying key Fibonacci retracement levels (38.2%, 50%, 61.8%) on the 15-minute chart and using them as potential entry points. A long position is triggered when the price breaks above the 61.8% level and remains above it for at least two consecutive candles. A short position is triggered when the price drops below the 38.2% level and remains below for at least two consecutive candles. Stop-loss and take-profit levels are set at 1.5% and 3.0% from the entry point, respectively. The strategy is intended for high-frequency traders and is best used in volatile, sideways, or breakout market conditions.