The meme coin market is becoming increasingly competitive, and Shiba Inu (SHIB) is nearing a price of $0.000005. It’s trying to stay above this level, likely influenced by a recent decision from the U.S. Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) gave the green light last Friday for T. Rowe Price to launch its Active Crypto ETF. This is a significant step for the crypto industry, marking the first time a major U.S. financial firm – managing $1.8 trillion – has been allowed to include the SHIB token in a regulated investment fund.
The fund will be listed on the NYSE Arca exchange, and Anchorage Digital Bank will hold its digital assets. It includes SHIB, one of fifteen approved cryptocurrencies, along with well-known tokens like Bitcoin, Ethereum, Solana, and Dogecoin.
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Even though the SHIB cryptocurrency community is still discussing whether its price will go up, looking at market charts suggests a specific and unusual trading opportunity might be developing.
- A lack of resistance volume, expressed through the Volume Profile, shows that the current zone of $0.00000496-$0.00000504 is located in a price vacuum. Above this mark, there are almost no large sell orders up to the $0.00000680 level, which could trigger an impulsive price surge with even the slightest inflow of capital.
- Hidden accumulation is evident too, as market momentum indicators have entered deep oversold territory and started forming a bullish divergence. The price updated its local low, but selling pressure has completely dried up, giving way to large buyers.
Can the ETF become the catalyst for a rally?
While a new ETF exists for SHIB, it’s not quite like typical crypto funds. This one, managed by T. Rowe Price, is actively run, meaning its managers can buy and sell different assets to adjust the fund’s holdings. They are allowed to hold between 5 and 15 different cryptocurrencies at any given time.
This fund won’t hold SHIB long-term. Instead, its managers will use automated trading strategies to buy the token when the market is surging and sell it completely when the market slows down.
If the price stays above $0.000005 and a daily trading candle closes there, the launch of new ETF trading programs might cause a big surge in price as traders who bet against it are forced to buy back their shares. If this happens, the price could quickly rise to around $0.00001344, which has been a key level in the past.
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2026-06-14 15:09