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Introduction
Crypto analyst Javon Marks predicts Shiba Inu could surge 138% based on a confirmed bullish technical setup. The potential approval of a SHIB ETF following new SEC rules adds fundamental support to this outlook. SHIB’s growing ecosystem and reduced supply through burns contribute to the positive momentum.
Key Points
- Technical analysis confirms bullish pattern targeting 138% rally to $0.000032
- New SEC rules make SHIB eligible for ETF listing due to regulated Coinbase futures
- Shibarium L2 network and auto-burn mechanism reducing circulating supply
Technical Analysis Points to Major Breakout
Crypto analyst Javon Marks has identified a compelling bullish setup for Shiba Inu (SHIB) that suggests a potential 138% price rally may be imminent. According to Marks’ analysis, this technical pattern remains intact and points toward SHIB reaching approximately $0.000032. The analyst emphasized that the bull signal has been confirmed, indicating that this upward move is likely a matter of time rather than speculation.
Marks had previously highlighted a divergence confirmation for Shiba Inu, which formed the basis for his prediction of a bullish reversal. This technical outlook is particularly significant given SHIB’s year-to-date performance, which shows a 38% decline despite the positive setup. The analyst maintains that even beyond the immediate target, SHIB could potentially rally to $0.000081, bringing it close to its current all-time high.
ETF Catalyst and Regulatory Developments
The fundamental case for Shiba Inu received a substantial boost from recent SEC developments that could pave the way for a SHIB exchange-traded fund. Marketing lead Lucie noted that SHIB’s regulated futures on Coinbase make it eligible for ETF listing under the generic listing standards recently approved by the SEC. This regulatory milestone places Shiba Inu in the “ETF-watchlist club” alongside other futures-backed cryptocurrencies.
Lucie explained that even before a dedicated SHIB-only ETF emerges, the meme coin could be included in multi-asset-backed ETF products. The introduction of a Shiba Inu ETF would represent a significant catalyst, potentially injecting substantial new liquidity into the ecosystem and driving prices higher through increased institutional accessibility and demand.
Ecosystem Growth and Analyst Sentiment
Multiple crypto analysts have expressed bullish sentiment toward Shiba Inu, citing its robust ecosystem development. Analyst Ragnar Shib highlighted SHIB’s position as the number one meme token on Ethereum, noting its fully decentralized nature and growing ecosystem that includes the layer-2 network Shibarium, along with DeFi and NFT products. The network has recorded a 19% gain over the past 90 days, indicating building momentum.
Analyst Investing Haven pointed to ongoing auto burns and Shibarium upgrades within the SHIB ecosystem that continue to reduce circulating supply, creating deflationary pressure that could support higher prices. However, he cautioned that risks remain elevated within the Shiba Inu ecosystem and advised investors to monitor burn rates and technical fixes closely.
Shib Spain declared that a new all-time high is incoming for Shiba Inu, predicting that the meme coin will bounce “hard” from the current support zone around $0.000013. At the time of writing, SHIB trades at approximately $0.00001325, down slightly in the last 24 hours but positioned within what analysts describe as an evolving bull structure despite current tactical pullbacks.
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