- SHIB targets $0.000032 after +138% setup, consolidating in a symmetrical triangle with momentum.
- Support at $0.00001305–$0.00001412 holds firm as volume close above $0.00001412 could spark a rally.
- SHIB futures listing, 438% burn spike, and network activity strengthen bullish outlook in the current cycle.
Shiba Inu (SHIB) is trading in a well-defined structure that continues to point toward a potential rally. The token’s setup is still hinting at an approximately +138% move coming in to send prices back to $0.000032. As a bull signal holds confirmed hints at this move, only time could be in the way, and it is ticking. At the time of writing, SHIB was trading at $0.00001341.
Chart Structure and Breakout Potential
SHIB maintains a structure that suggests the potential for a strong breakout, according to analysis by Javon Marks via X. The token has historically entered long periods of consolidation before recording major rallies, and current conditions mirror those phases. The $0.000032 level remains the projected upside target within this setup.
Price action on the two-day chart shows SHIB consolidating within a symmetrical triangle pattern, which often precedes large moves. The narrowing range reflects compression, while momentum indicators are supportive. The MACD histogram recently turned positive, and the RSI avoided overbought territory, both showing increasing upward pressure.
Analysis from More Crypto Online indicated that SHIB has respected Elliott Wave counts and Fibonacci retracements, trading near $0.0000135. Fibonacci extensions project higher targets at $0.0000804 and $0.0001288, but the immediate focus is on the $0.000032 level.
Key Support, Futures Listing, and Network Activity
Support remains firm between $0.00001305 and $0.00001412, and analysts note that holding this zone is crucial for momentum. A confirmed close above $0.00001412 with strong trading volume could trigger algorithmic buying and extend the rally.
Coinbase recently introduced SHIB futures under the “1k Shib Index,” increasing the token’s exposure to regulated markets. According to SHIB team member Lucie, this may strengthen the case for ETF inclusion under the SEC’s updated standards, which allow faster reviews for futures-backed assets.
Shiba Inu also recorded a 438% jump in burn activity in the past 24 hours, reducing circulating supply and supporting sentiment. SHIB’s ecosystem remains active, with ongoing adoption and network engagement. Together, these factors keep the projection of a rally toward $0.000032 in play within the current cycle.
