Despite suffering losses last week, Shiba Inus are targeting gains of 18%

According to a report by the IBC Group, the Shiba Inu futures contract is anticipated to be offered on Coinbase after July 15, subject to CFTC clearance.

Trading at $0.00001718 on Sunday, SHIB recovered from last week's losses.

Based on current trends, SHIB has the potential to extend gains by 18%.


At the time of writing, Shiba Inu achieved a return over $0.00001720. A correction slammed the meme currency, sending the price of SHIB down to a low of $0.00001266 on July 5. Following a period of negative emotion, SHIB has recovered and traders' attitude has become neutral, according to data from CFGI.io.


Positive public opinion is largely attributable to traders' excitement about the impending release of a Shiba Inu futures contract and associated goods, which have the potential to increase the meme coin's value.

IBC tweeted to let crypto market players know that SHIB's financial product portfolio might be diversified with the debut of additional offers post July 15. Approval from the U.S. Commodity Futures Trading Commission (CFTC) is still waiting.


It's almost 18% gain time for SHIB.
From its low of $0.00001266 on July 5th, Shiba Inu has been steadily rising, with higher highs and lower lows. SHIB recovered from last week's losses, and the meme currency is expected to continue its 18% increase, reaching $0.00002045. This price represents the 23.6% Fibonacci retracement of the slide from $0.00004567, the high point, to $0.00001266, the low point, which occurred on March 5.

With the MACD line having crossed above signal on July 5, and green histogram bars flashing above the neutral line, the Moving Average Convergence Divergence (MACD) indicator is providing support for a bullish thesis for SHIB.

If there is a pullback, Shiba Inu might find support between the July 7 and July 5 lows of $0.00001468 and $0.00001266, respectively.

#SHIB $SHIB