Shiba Inu Price Target: $0.000032 as 138% Rally Builds Steam

• Crypto analyst Javon Marks predicts a 138% rally for Shiba Inu that could push the price to $0.000032. 

• Coinbase launched SHIB futures trading, and this development puts the token on the ETF watchlist under new SEC rules. 

• SHIB trades on over 110 exchanges with 200+ trading pairs, and this broad accessibility strengthens its case for a potential ETF approval.

A prominent cryptocurrency analyst has projected a significant price surge for Shiba Inu (SHIB), predicting a 138% rally that could drive the token toward $0.000032. This bullish outlook coincides with recent regulatory developments that may pave the way for a SHIB exchange-traded fund.

In a recent social media post, crypto expert Javon Marks highlighted SHIB’s technical setup. The analyst noted that current market conditions suggest substantial momentum for the meme cryptocurrency. Charts indicate SHIB is consolidating within a symmetrical triangle pattern on the two-day timeframe, a formation that typically signals major breakouts.

Source: X

The token trades near $0.00001341, with technical indicators supporting the bullish thesis. SHIB recently closed above its pivot point of $0.00001333 and surpassed its 200-day exponential moving average of $0.0000139. The MACD histogram has turned positive while the RSI remains below overbought levels.

Market dynamics have also shifted favorably for SHIB holders. The token’s burn rate increased by 438% over the past 24 hours, reducing the circulating supply. However, the total number of destroyed tokens remains relatively small compared to previous burn cycles.

Analysts suggest that a confirmed close above $0.00001412 and strong trading volume could trigger algorithmic purchasing. This scenario would likely accelerate the projected rally outlined by Marks.

Futures Trading Opens ETF Pathway

Recent regulatory changes have strengthened the case for a potential Shiba Inu ETF. Lucie, a core team member, explained that updated SEC listing standards could facilitate such a product launch.

Coinbase’s introduction of SHIB futures under the “1k Shib Index” represents a crucial development. The new SEC rule allows cryptocurrency assets with regulated futures trading to qualify for expedited ETF review processes, potentially within 75 days.

This regulatory shift places SHIB on the “ETF watchlist” alongside other futures-backed assets, including XRP, Cardano, and Dogecoin. While a standalone Shiba Inu ETF remains speculative, industry experts believe the token could feature in multi-asset cryptocurrency ETFs as regulators expand beyond Bitcoin and Ethereum.

Strong Market Presence Supports ETF Case

SHIB’s extensive market presence strengthens its ETF candidacy. The cryptocurrency is available on over 110 exchanges with over 200 trading pairs, making it among the most accessible digital assets globally.

This broad market reach provides substantial liquidity and institutional interest, which are key factors regulators should consider when evaluating ETF applications. The development could support the SHIB community, which continues to recover from a recent Shibarium network exploit.

The convergence of technical analysis, regulatory progress, and strong market infrastructure suggests SHIB may be positioned for substantial growth in the current market cycle.