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Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams?

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Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.

Shiba Inu is trading at $0.00000597, up 0.93% in the last 24 hours, a modest price bounce that masks a bruising -4.4% seven-day slide, and the prediction is not looking good. The dog coin that minted actual millionaires in 2021 is now fighting to hold a six-zero price handle.

The 24-hour rebound followed a technical defense of the $0.0000056 support zone after six consecutive red sessions. Trading activity surged 70%, accompanied by a positive buy-sell delta of 27.4 billion SHIB.

On-chain data confirmed net exchange outflows of 112–125 billion SHIB, stripping near-term selling pressure from the order book. That confluence, volume spike, positive delta, and exchange drain are historically the setup SHIB needs before a short-term leg higher.

But can SHIB print more millionaires at this level? Are memecoins’ communities no longer able to catapult a coin?

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Shiba Inu Price Prediction: Reclaim $0.000007 Before April Ends, or Dream Shattered?

Shiba Inu is consolidating just below the $0.000006 price resistance level, a line that has flipped from support to resistance over multiple sessions, dragging down bullish sentiment.

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Key levels to track: support clusters at $0.0000056–$0.0000059, with resistance stacked at $0.0000060–$0.0000065 and a more meaningful ceiling near the historical $0.000018–$0.000020 range.

Three scenarios are currently in play:

Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.
SHIB USD, Tradingview
  • Bull case: SHIB flips $0.000006 with sustained volume, targets $0.0000065–$0.000007 within days. Exchange outflows accelerating would confirm this path.
  • Base case: Price consolidates between $0.0000057–$0.0000062, grinding sideways as macro uncertainty limits conviction.
  • Bear case: Failure to hold $0.0000056 opens a drop toward $0.0000050, invalidating the current rebound thesis entirely.

The 589 trillion SHIB still in circulation remains the structural ceiling on any millionaire-making moon run. People have noted SHIB’s sensitivity to external catalysts. The October 2024 Elon Musk effect pushed volume to $145 million in 48 hours, but that event is, by definition, unpredictable.

SHIB could deliver decent returns. Delivering millionaire returns from this market cap? That math gets harder every cycle.

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Maxi Doge Targets Early Mover Upside as Shiba Inu Tests Key Levels

Here’s the uncomfortable reality SHIB holders face: at today’s price, the multiplier required to turn a $1,000 stake into a million dollars simply doesn’t exist at current valuations without a market cap that would rival entire national economies. It’s arithmetic.

Traders chasing the next generational meme coin trade are increasingly looking at earlier-stage projects where the supply-to-price math still works in their favor.

Maxi Doge ($MAXI) is one presale capturing that rotation. The project has raised more than $4.7 million at a current price of just $0.0002811. The concept leans hard into gym-bro meme culture with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury dedicated to liquidity and partnerships.

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Recent capital flows into the presale have drawn comparisons to early-stage SHIB momentum. Staking is live with a 66% APY bonus. For traders weighing SHIB’s structural ceiling against earlier-stage upside, researching Maxi Doge is worth the ten minutes.

This article is not financial advice. Crypto investments are highly volatile and speculative. Always conduct your own research before investing.

The post Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams? appeared first on Cryptonews.

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Crypto World

EDX Markets Applies for OCC Trust Bank to Expand Crypto Services

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Coinbase, Banks, Ripple, BitGo, United States, Paxos

EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services.

The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDX’s existing platform.

In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a single platform, creating potential conflicts of interest and single points of failure.

EDX said the trust bank would provide fiduciary asset management services, invest client cash and stablecoin balances in highly liquid assets, and facilitate trading through a riskless principal model with end-of-day net settlement.

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The bank would operate online from Chicago and target institutional clients such as broker-dealers, futures commission merchants and registered investment advisers, according to the filing.

EDX said moving these functions into an OCC-chartered entity would allow it to offer services nationwide under a single regulatory framework while meeting custody requirements for regulated institutions.

Founded in 2022, EDX Markets is backed by traditional market participants including Citadel Securities, Virtu Financial, Fidelity Digital Assets and Hudson River Trading.

Coinbase, Banks, Ripple, BitGo, United States, Paxos
EDX Markets Holding Company trust bank application for digital asset activities. Source: OCC

Related: Fed’s Barr backs stablecoin clarity but warns of run risks

Crypto companies seek US bank charters

The application comes as crypto and financial companies increasingly pursue national trust bank charters to expand institutional services under federal oversight.

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Earlier this month, Zerohash, a blockchain infrastructure company, applied for a US national trust bank charter to expand its stablecoin and custody services for banks, brokerages and fintechs.

Coinbase, Banks, Ripple, BitGo, United States, Paxos
Source: Zerohash

Other recent applicants include Coinbase, which applied in October and is still awaiting a decision, as well as Laser Digital and Payoneer, which filed applications earlier this year to expand custody and stablecoin-related payment services.

Traditional financial institutions are also entering the space. In February, Morgan Stanley applied for a de novo trust bank charter to support digital asset services through a separate entity.

At the same time, the OCC has continued approving applicants, issuing conditional licenses last month to Bridge, Stripe and Crypto.com, following approvals in December for Ripple Labs, Circle Internet Group, Fidelity Digital Assets, Paxos and BitGo.

However, the pace of approvals has drawn scrutiny. In February, the American Bankers Association urged the OCC to slow the process, citing unresolved oversight under pending US stablecoin legislation.

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