Shiba Inu (SHIB) price is once again in the spotlight as analysts forecast a potential 138% rally, with the meme-inspired token eyeing a climb toward $0.000032.
The latest Shiba Inu news highlights a mix of bullish technical signals, rising community-driven token burns, and fresh speculation about a possible SHIB ETF. Together, these factors suggest that Shiba Inu could be gearing up for one of its most significant rallies since 2022.
Burn Rate Spikes as Community Activity Grows
Beyond technicals, on-chain activity is supporting bullish sentiment. According to the latest Shiba Inu news, the project’s burn rate jumped 438% in just 24 hours, reducing the circulating supply.
A confirmed bullish divergence suggests Shiba Inu ($SHIB) could be primed for a major reversal, potentially rallying about 150% toward the $0.000032 level. Source: CoinMarketCap
While the overall number of tokens burned remains small compared to Shiba Inu’s vast supply, such spikes often renew community optimism. Token burning is a cornerstone of the project’s deflationary strategy, designed to gradually create scarcity and support long-term value.
Coinbase Futures and ETF Speculation
Another catalyst fueling optimism is Shiba Inu’s increasing integration into mainstream finance. Coinbase recently launched the “1k Shib Index” futures product, a move seen as a stepping stone toward potential ETF approval under updated SEC regulations.
Shiba Inu’s Coinbase-regulated futures make it eligible for spot ETF consideration, placing SHIB on the watchlist and opening potential for standalone or multi-asset crypto ETFs. Source: ????? via X
Shiba Inu market lead Lucie noted that this development puts SHIB on a regulatory path similar to Bitcoin and Ethereum, both of which secured spot ETFs after their futures markets matured. While a solo Shiba Inu ETF remains speculative, analysts opine that SHIB can be included in multi-asset cryptocurrency ETFs, expanding its institutional investor accessibility.
Shiba Inu is already globally accessible since it is listed on more than 110 exchanges with more than 200 trading pairs, making its proposition even stronger for inclusion in broader investment products.
Key Levels to Watch
Traders are paying close attention to SHIB’s price action near its key support and resistance levels. Support is firm at $0.000012, with further downside protection near $0.000010. To the higher side, resistance is near $0.000016, then the $0.000020–$0.000022 area.
If momentum continues, SHIB could see more upside to the $0.000032 target, in line with Mark’s bullish outlook. A break below $0.000010 would, however, dispel the case for further upside.
Shiba Inu Outlook
With a combination of bullish technical indicators, growing community activity in the sense of burning tokens, and growing institutional acceptance, Shiba Inu is poised for what might be its largest rally in years.
Shiba Inu was trading at around $0.00001351, up -0.03% in the last 24 hours at press time. Source: Brave New Coin
Although long-term questions such as “Will Shiba Inu coin reach $1?” remain speculative in nature, the short-term Shiba Inu price forecast is becoming increasingly positive. If current conditions persist, SHIB may soon test multi-year highs and challenge its reputation as just a meme coin.
