There is no standard feature in Shotcut to do this. However, if you look at this post:
you can see similar text manipulation as in the video. So yes it is possible to do this using HTML, CSS, Javascript and Shotcut’s WebVfx javascript framework. However, it would require quite a bit of effort and expertise in this area and WebVfx will be removed from Shotcut by the end of this year, so it may be efort that is wasted for the future.