Shiba Inu’s market dynamics are capturing attention once again, fueled by promising technical patterns and evolving fundamentals. Crypto analyst Javon Marks has thrown a spotlight on the meme coin, suggesting that a bullish setup might propel Shiba Inu (SHIB) to a significant rally of approximately 138%. This would elevate the price to around $0.000032, marking a potential resurgence for a coin that’s been grappling with a 38% year-to-date loss.
Bullish Setup and Market Fundamentals
In a recent X post, Marks expressed confidence that Shiba Inu’s market setup is primed for a rally. He emphasized that the bull signal remains intact and could soon materialize into a price surge. This optimism is not unfounded, as Marks had previously identified a divergence confirmation, suggesting a bullish reversal might be on the horizon for SHIB.
Adding to this optimism is the recent rule change by the U.S. Securities and Exchange Commission (SEC), which could play a pivotal role in shaping Shiba Inu’s future. The SEC’s approval of new listing standards has opened the doors for meme coins like SHIB to be considered for Exchange-Traded Funds (ETFs). Lucie, Shiba Inu’s marketing lead, pointed out that SHIB’s existing regulated futures on Coinbase position it well for potential inclusion in an ETF.
Potential ETF Catalyst
The prospect of a Shiba Inu ETF is a tantalizing one. Lucie noted that SHIB could either be part of a multi-asset-backed ETF or even have a standalone ETF in the future. Such developments would not only inject fresh liquidity into SHIB’s ecosystem but could also drive prices upwards significantly. By joining the “ETF-watchlist club,” Shiba Inu aligns itself with other futures-backed cryptocurrencies, potentially accelerating its journey towards a new all-time high (ATH).
Divergent Views and Market Sentiments
While Marks and others maintain a bullish outlook, it’s essential to consider the broader spectrum of market perspectives. Crypto analyst Shib Spain has predicted that SHIB will “bounce hard” off its current support zone around $0.000013, potentially reaching new heights. Similarly, Ragnar Shib highlighted a 19% gain over the past 90 days, underscoring the growing momentum behind the meme coin.
However, not all analysts are entirely bullish. Investing Haven has issued a note of caution, reminding investors of the inherent risks within the Shiba Inu ecosystem. Despite acknowledging the ongoing auto burns and Shibarium upgrades, which decrease the circulating supply, they urge investors to remain vigilant and track these developments closely.
Shiba Inu’s Expanding Ecosystem
Shiba Inu’s appeal isn’t solely grounded in speculation. The coin remains the leading meme token on Ethereum, underpinned by a decentralized framework. Its expanding ecosystem, which includes the layer-2 network Shibarium, as well as decentralized finance (DeFi) and non-fungible token (NFT) products, bolsters its long-term potential. These developments have attracted a loyal community of “diamond hands” investors who are holding onto their SHIB in anticipation of future gains.
Current Price and Market Movements
As it stands, Shiba Inu is trading at approximately $0.00001325, according to CoinMarketCap. Despite a slight dip in the last 24 hours, the coin’s recent performance and the underlying bullish setups suggest potential for upward movement. Still, the current tactical pullback observed by analysts like Investing Haven serves as a reminder of the volatility inherent in the crypto market.
Conclusion: A Watchful Eye on SHIB
Shiba Inu’s journey is one of both excitement and caution. While the technical and fundamental indicators point towards a possible significant rally, the market’s unpredictable nature necessitates a balanced approach. For investors eyeing the meme coin, tracking the developments in its ecosystem, especially in light of potential ETF listings and regulatory shifts, will be key to navigating its future trajectory. As always, in the world of cryptocurrency, informed and cautious optimism remains the best course of action.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
