The canine meme coin Shiba Inu (SHIB) is finally showing early signs of a rebound. Right now, Shiba Inu’s price has bounced off from the same area consecutively for two weeks, implying downside exhaustion.
Still One Massive Hurdle In Shiba Inu’s Recovery Path
The area in question lies between $0.00000779 to $0.00000797, so holding above this area on two separate occasions marks a double bottom, but is it matched with buying power? That’s not the case, judging from Coinbase data.
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Largest crypto investors, popularly referred to as whales, have been actively distributing their Shiba Inu (SHIB) positions on Coinbase since November 11, 2025. This has pushed the Chaikin Money Flow (CMF) to severely negative territory, hovering at -0.21 as of press time.
As Shiba Inu coin (SHIB) just nailed a listing on Coinbase’s FCM-regulated futures, the fresh institutional reach gives SHIB the edge over other popular meme coins, except for Dogecoin (DOGE), who’s also included in Coinbase’s institutional deal.
Why Coinbase’s Shiba Inu Futures Is a Game-Changer
The arrival of the 1000-times multiplied SHIB smart futures contract on Coinbase has sparked a slight 3% uptick in Open Interest (OI), pushing it to beyond $30 million on leveraged markets.
Regardless of this fresh speculative interest, the general trend has been dull – most market participants are not keen on playing with SHIB on leverage, evident in the negative figures in the funding rate.
The open interest (OI), representing the unsettled leverage on the underlying asset, was the only bullish metric, while SHIB’s trading volumes on futures kept falling, down 47.67% in 24 hours, according to CoinGlass.
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SHIB tests a major high-time-frame support level twice, holds firm both times, and forms a classic double bottom reversal that signals potential bullish momentum if support stays strong.
Double bottoms mark downside exhaustion after downtrends; a break above the neckline with rising volume confirms the reversal and targets higher levels.
Coinbase Derivatives launches U.S.-regulated perpetual futures for SHIB (via the 1k SHIB Index), enabling 24/7 trading for retail and institutional users through approved Futures Commission Merchants.
The listing integrates SHIB into a compliant U.S. derivatives market alongside Bitcoin and Ethereum, driving liquidity, credibility, and institutional inflows under strict regulation.
Regulated futures often speed up SEC spot ETF reviews; Coinbase’s move strengthens SHIB’s ETF prospects, mirroring paths for Bitcoin and Ethereum, and already inspires related filings.
