SHIBDOGE Market Overview: Bullish Momentum Amid Rising Volatility

• SHIBDOGE rose to a 24-hour high of $5.28e-5 amid increasing volume and positive momentum.
• A bullish continuation pattern emerged around 15:00 ET, with price stabilizing above key 15-min support levels.
• MACD showed a bullish crossover, while RSI suggested overbought conditions near 70, hinting at potential pullback.
• Volatility expanded with price testing the upper Bollinger Band, reflecting growing buyer participation.
• Turnover surged during the last 6 hours, confirming strength in the recent upward thrust.

The Shiba Inu/Dogecoin (SHIBDOGE) pair opened at $5.13e-5 on 2025-10-12 at 12:00 ET and reached a high of $5.28e-5, closing at $5.25e-5 on 2025-10-13 at the same hour. The 24-hour period saw a total volume of 1,166,320,011.0 and a turnover of approximately $58,498.40, indicating growing market activity.

Over the past 24 hours, SHIBDOGE exhibited a structured upward bias, with price consolidating above key 15-min support levels and forming a bullish continuation pattern. The 20-period and 50-period moving averages on the 15-min chart remained in ascending alignment, reinforcing the positive trend. A bullish crossover in the MACD histogram suggested growing momentum, while RSI hovered near overbought territory (70), hinting at a potential short-term correction. The price frequently touched the upper Bollinger Band, indicating elevated volatility and strong bullish pressure.

Fibonacci retracement levels applied to the 15-min and daily swings showed the price finding support at 61.8% levels (around $5.14e-5 and $5.12e-5), reinforcing key psychological and technical barriers. On the 15-min chart, the 50-period MA served as a dynamic support level, while on the daily chart, the 200-period MA acted as a strong baseline. The volume profile showed a marked increase during the final six hours, with notional turnover confirming the strength of the bullish phase. Divergences between volume and price were minimal, suggesting a cohesive uptrend.

The next 24 hours could see SHIBDOGE testing critical resistance levels near $5.30e-5, where a sustained close above could signal a new phase of bullish momentum. However, investors should remain cautious as overbought RSI and high volatility may trigger short-term pullbacks toward $5.18e-5 or $5.14e-5. A breakdown below $5.12e-5 could reintroduce bearish pressure and retest recent support levels.

Backtest Hypothesis
A reliable backtest for SHIBDOGE requires a precise ticker symbol (e.g., “SHIBDOGE-USDT”) and a defined entry/exit convention. Using close-to-close (C2C) entries is the standard practice, where a signal is triggered at the close of one period and exited at the close of the next. For example, a Bullish-Engulfing pattern identified at 15:15 ET would trigger a buy at that close and be evaluated for profit/loss by the next close. To proceed, we need confirmation on the exact ticker symbol and whether you prefer close-to-close or open-to-close strategies. Once provided, the backtest will automatically extract pattern dates, generate signals, and run a full historical performance analysis.