SHIB Rocket Alert: Shiba Inu Targets $0.0167 in Explosive Rally

Shiba Inu defies gravity with parabolic surge—memecoin madness reaches new heights as technical indicators scream bullish.

The Path to Sixteen Cents

Market momentum builds relentless pressure against resistance levels. Trading volumes spike 300% overnight while whale accumulation patterns suggest institutional interest—or maybe just degenerates chasing green candles.

Burn Mechanism Fuels Ascent

Token supply shrinks faster than a boomer's pension fund. Automated burn protocols systematically remove SHIB from circulation, creating artificial scarcity that would make diamond hands blush.

Community Power Unleashed

The Shib Army mobilizes with religious fervor, flooding social channels with rocket emojis and Lamborghini memes. Retail traders pile in while Wall Street analysts scratch their heads—proving once again that in crypto, fundamentals often take a backseat to pure, unadulterated hype.

SHIB Tests Key Support Zone

Crypto analyst Bit Amberly noted that SHIB is testing the lower boundary of a descending channel on the weekly chart. “Strong buyers are defending this key support zone,” Amberly remarked, adding that a potential rebound could see prices targeting $0.00000840, $0.00001030, $0.00001160, $0.00001480, and $0.00001670. 

Analysts indicate that this support level could be pivotal for the altcoin’s short-term trajectory, emphasizing that the market is closely monitoring the response from buyers.

Coinbase Launches SHIB Perpetual Futures

In a significant development for SHIB traders, major U.S. crypto exchange Coinbase announced new perpetual-style futures for Shiba Inu and ten additional altcoins. Starting December 5, the exchange will offer 24/7 trading for all altcoin monthly futures, providing retail traders access to highly sought-after derivatives within a regulated environment.

Coinbase previously rolled out 24/7 trading for Bitcoin and Ethereum futures, marking the first time Leveraged contracts were available around the clock on a CFTC-regulated platform. 

The new perpetual futures extend this accessibility to SHIB, allowing continuous trading, including weekends, and broadening exposure to derivative products for retail investors. Coinbase highlighted the development on social media, stating, “December just got major for altcoin traders.”

Shiba Inu (SHIB) Battles Toxic Attacks Amid 1.9B Market Rout

Shiba Inu Gains Global Regulatory Recognition

Shiba Inu’s momentum is further bolstered by regulatory recognition abroad. Japan recently approved SHIB for taxation under a flat 20% rate, equating its treatment with that of Bitcoin and Ethereum. This formal acknowledgment reflects the growing acceptance of SHIB as a legitimate digital asset in mainstream financial systems.

Additionally, major exchanges like Gemini are expanding access to SHIB derivatives in European markets. Gemini now allows perpetual contracts for SHIB with up to 100x leverage, providing traders the ability to hold long or short positions without monthly expirations. 

These developments collectively signal increasing institutional support and potential adoption of shiba inu across global markets, positioning it as a notable altcoin in both retail and professional trading circles.

Coinbase Launches 24/7 SHIB, DOGE, BCH Futures Trading