A crypto expert has predicted a 138% rally for the Shiba Inu price in this market cycle. This comes after regulatory developments around SHIB futures could open the door for a spot ETF.
Expert Projects 138% Shiba Inu Rally
In a recent X post, crypto expert Javon Marks shared that Shiba Inu is primed for a substantial rally. He highlighted that SHIB’s setup continues to indicate a surge of around 138%. This could potentially send the token back toward $0.000032.
Charts show the token is consolidating within a symmetrical triangle formation on the two-day timeframe. This is a technical pattern that often precedes massive breakouts.
The range of price action between lower highs and higher lows has narrowed. The breakout arrow indicates an upward push, with the SHIB price currently trading close to $0.00001341.
Additionally, the bullish argument is supported by momentum indicators. The meme coin just closed above the pivot point ($0.00001333) and its 200-day exponential moving average ($0.0000139). The MACD histogram turned positive, and its RSI likewise avoided overbought territory.
Burn activity also helped sentiment. Shiba Inu’s burn rate surged by 438% in the last 24 hours, trimming supply, although the overall number of tokens destroyed remains modest compared to past burn cycles.
Analysts suggest a confirmed close above $0.00001412 with strong volume could trigger algorithmic buying. This could potentially accelerate the rally Javon Marks has projected.
SHIB Futures on Coinbase Strengthen ETF Case
Shiba Inu could be on the verge of seeing its first ETF launch thanks to recent regulatory changes. A member of the token’s core team, Lucie, shared in a post that the updated SEC exchange-traded fund listing standards could open the door for its launch.
Coinbase recently introduced SHIB futures under the “1k Shib Index,” which in turn opens the meme coin up for consideration in spot ETFs. The new SEC rule stated that crypto assets with regulated futures trading are eligible for accelerated review, potentially within 75 days.
This means the token now sits on what many call the “ETF watchlist.” The meme coin is joining other futures-backed assets like XRP, Cardano, and Dogecoin. While a standalone Shiba Inu ETF remains speculative, experts believe the coin could be included in multi-asset crypto ETFs once regulators move beyond BTC and ETH.
This listing could be a major boost for its community, which is still recovering from the recent Shibarium exploit.
Lucie had pointed out earlier this year that the meme coin is available on more than 110 exchanges with over 200 trading pairs. This makes it one of the most widely accessible cryptocurrencies globally. She argued this broad reach strengthens the case for a potential SHIB ETF.