Shiba Inu Defies Gravity: SHIB Holds Critical $0.000012 Support, Eyes Explosive 138% Surge to $0.000032

Meme coin refuses to die—Shiba Inu's proving the dogs still have bite.

Support Holds Strong

SHIB claws back above that crucial $0.000012 level, defying another market-wide dump. Traders who bought the dip are sitting pretty while paper hands got shaken out—classic crypto volatility doing its thing.

The 138% Rally Blueprint

Technical charts scream bullish: a clean break above resistance could trigger that monster run toward $0.000032. Pattern recognition suggests the setup mirrors previous pre-pump formations—because in crypto, history loves repeating itself until it doesn't.

Market Momentum Building

Whale accumulation patterns spike while retail FOMO remains curiously muted—usually a precursor to violent upside moves. Exchange outflows hit monthly highs as smart money positions for the next leg up.

Just remember: in a world where dog-themed tokens outperform actual financial products, maybe your investment thesis deserves another look. Or not—this is crypto, after all.

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: 𝐋𝐔𝐂𝐈𝐄 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.