Shiba Inu (SHIB) is once again stealing the spotlight. According to well-known analyst Javon Marks, SHIB could surge by 138% in the current market cycle, potentially pushing its price back toward $0.000032. The bullish case is driven not only by strong technical indicators but also by regulatory developments that may pave the way for a historic Shiba Inu ETF.
Strong Bullish Signals on the Charts
Marks highlights that SHIB has been consolidating within a symmetrical triangle pattern, a setup that often precedes explosive breakouts.
Price is currently trading around $0.00001341
Closed above the pivot level of $0.00001333 and the 200-day EMA ($0.0000139)
MACD histogram has flipped positive, while RSI shows room for further upside
Analysts suggest that a confirmed close above $0.00001412 with strong volume could trigger algorithmic buying and accelerate the rally Marks envisions.
Token Burns Strengthen Sentiment
Another bullish catalyst is the token burn activity. In the past 24 hours, SHIB’s burn rate has skyrocketed by 438%, reducing supply in circulation. Although the total number of burned tokens remains modest compared to past cycles, this surge supports long-term bullish sentiment.
Coinbase Futures Boost ETF Prospects
A game-changing factor is the launch of SHIB futures contracts on Coinbase, which added the meme coin to its “1k Shib Index.” This move significantly strengthens the case for a potential ETF approval.
Under the SEC’s updated rules, digital assets with regulated futures trading may qualify for an accelerated ETF review period – reduced from 240 days to just 75. This places SHIB on the so-called “ETF watchlist”, alongside XRP, Cardano, and Dogecoin.
Road to a Potential SHIB ETF
While a standalone Shiba Inu ETF remains speculative, experts believe SHIB could be included in multi-asset crypto ETFs once regulators expand beyond BTC and ETH. That would mark a historic milestone for the SHIB community, which is still rebuilding confidence after past issues with the Shibarium network.
According to core team member Lucie, Shiba Inu’s widespread availability further strengthens the case. SHIB is listed on more than 110 exchanges and trades across 200+ pairs, making it one of the most widely distributed cryptocurrencies in the world.
Conclusion: SHIB on the Verge of a New Era?
Shiba Inu now has the perfect mix of technical momentum, increased token burns, futures listing, and ETF speculation. These factors combined could indeed ignite the 138% rally that Javon Marks projects.
The key question remains: will SHIB hold its support levels and gain regulatory approval for the first-ever Shiba Inu ETF?
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