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Shiba Inu Bullish Setup Signals Potential 138% Price Rally
Key Points on Shiba Inu's Potential Rally:
- Crypto analyst Javon Marks suggests a bullish setup for Shiba Inu, predicting a potential rally of 138%, targeting a price around $0.000032.
- The prediction is supported by divergence confirmation and new SEC rules favoring meme coins.
- SHIB has experienced a year-to-date loss of approximately 38% but could rise to $0.000081, approaching its all-time high.
- A possible Shiba Inu ETF launch could significantly impact SHIB prices, with the coin now part of the "ETF-watchlist club."
- Crypto analyst Shib Spain forecasts a hard bounce from the support zone at $0.000013, aiming for new highs.
- Ragnar Shib notes a 19% gain over the past 90 days, highlighting SHIB's role as the leading meme token on Ethereum.
- Investing Haven points out ongoing auto burns and Shibarium upgrades, which reduce circulating supply but warns of associated risks.
- Current SHIB price is around $0.00001325, down in the last 24 hours.
