Shiba Inu Completes Bullish Setup: Why A 138% Climb Could Be In The Works

Crypto analyst Javon Marks has revealed that Shiba Inu has completed a bullish setup and that a rally of around 138% may be on the ￰0￱ such as the new SEC rule also provide a bullish outlook for the foremost meme ￰1￱ Inu’s Bullish Setup Hints At 138% Rally In an X post, Marks said that Shiba Inu’s setup is still hinting at a rally of over 138%, which would send the SHIB price back to around $0.000032. He added that it is only a matter of time for this move to materialize as a bull signal holds confirmed, hinting at this move for the top meme ￰2￱ Reading: Shiba Inu Bulls Are Back: Here’s The 512 Billion SHIB Accumulation That Triggered A Spark Before now, Marks had highlighted a divergence confirmation for Shiba Inu, which led to his prediction that a bullish reversal could still be in the cards for the meme ￰3￱ has underperformed up till now, with a year-to-date (YTD) loss of around 38%.

However, the analyst has claimed that SHIB could still rally to as high as $0.000081, which would bring it close to its current all-time high (ATH). The potential launch of a Shiba Inu ETF could be one of the catalysts that spark a parabolic run for the SHIB ￰4￱ lead Lucie noted that SHIB has regulated futures on Coinbase, which makes it eligible for an ETF listing under the generic listing standards that the SEC just ￰5￱ stated that the big picture for Shiba Inu is that SHIB now joins the “ETF-watchlist club” with other futures-backed ￰6￱ added that even before a SHIB-only ETF, the meme coin could be bundled into a multi-asset-backed ETF. A Shiba Inu ETF would inject new liquidity into the meme coin’s ecosystem and could spark higher ￰7￱ ATH Incoming For SHIB In an X post, crypto analyst Shib Spain declared that a new ATH is incoming for Shiba ￰8￱ stated that the meme coin will bounce “hard” off the support zone around $0.000013 and rally to new ￰9￱ analyst Ragnar Shib remarked that SHIB is heating up, having recorded a 19% gain in the last 90 ￰10￱ Reading: Shiba Inu Diamond Hands Are Refusing To Sell, Bulls Eye $0.00009 ATH The analyst stated that Shiba Inu remains the number one meme token on Ethereum and is fully decentralized, boasting a growing ecosystem that includes the layer-2 network Shibarium, as well as DeFi and NFT ￰11￱ analyst Investing Haven highlighted that auto burns and the Shibarium upgrades continue within the SHIB ecosystem, which has helped reduce the circulating supply.

However, he warned that the risk associated with the Shiba Inu ecosystem remains ￰12￱ also noted that SHIB is witnessing a tactical pullback, although the bull structure is still ￰13￱ line with this, he advised investors to track the burn rate and fixes in the Shiba Inu ￰14￱ the time of writing, the Shiba Inu price is trading at around $0.00001325, down in the last 24 hours, according to data from ￰15￱ image from Adobe Stock, chart from ￰16￱