Shiba Inu trades near $0.000006 Saturday. It sits down roughly 93 percent from its all-time high near $0.000088 hit in October 2021.
- Analyst CryptoPatel identifies a massive accumulation zone for Shiba Inu as U.S. regulators formally classify SHIB as a digital commodity.
- Shiba Inu trades at $0.000006, representing a 93% drawdown from its October 2021 record high of $0.000088.
- The SEC and CFTC joint release provides institutional clarity, potentially ending years of regulatory uncertainty for decentralized meme-origin assets.
Technical analyst CryptoPatel dropped the chart Friday and went straight to the point. He called the current levels a massive accumulation zone with bullish structure forming on a higher timeframe. His line that caught attention says a new all-time high for SHIB is not a question. It is just a matter of time.
He drew the direct parallel to 2020. Plenty of people passed on SHIB back then because they saw it as just a Doge copy. The ones who bought anyway and held turned a $10 bet into generational wealth.
Regulatory Guidance Lands
The SEC and CFTC put Shiba Inu in the commodities bucket with their joint interpretive release dated March 17. That 68-page document names SHIB alongside Bitcoin, Ether, Solana, Dogecoin and a dozen others. These tokens draw value from network activity and supply demand pressure. They do not depend on any manager running the show.
The agencies laid out a clean five-category taxonomy. The groups are digital commodities, digital collectibles, digital tools, stablecoins and digital securities.
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👉 Submit Your PRThey described digital commodities as tokens tied directly to a working crypto system where price moves on utility and market forces. SHIB made the explicit list. For the first time in formal guidance it sits in the same regulatory box as the majors.
The shift carries real weight. These tokens mostly fall under CFTC oversight in many cases instead of full SEC securities treatment. The release cuts through years of gray area that left institutions sitting on the sidelines. It opens a clearer runway for futures contracts, better custody solutions and wider integration. Every trade no longer has to worry about tripping over securities registration headaches.
Chart Setup Draws Eyes
The higher-timeframe structure CryptoPatel highlighted has held support through months of choppy action and broader market swings. Price refused to break to new lows despite that steep drawdown from the 2021 peak.
Zoom out far enough and the picture changes. Anyone who bought near the all-time low in late 2020 still sits on gains exceeding 10 million percent at current levels. The CoinGecko chart shows the full ride. It had an explosive early launch that turned pocket change into millions for the earliest holders. Then came the long grind that erased most of the 2021 gains. From launch to peak SHIB once delivered well over 150 million percent.
Chain Street’s Take
CryptoPatel put it plain. The higher-timeframe chart looks cleaner than it has in years. Regulators dropped SHIB in the same bucket as the blue chips. Rakuten Wallet flips on spot trading for Japanese users April 15. That gives direct yen access through a major regulated platform. And the whole setup echoes 2020 when most wrote it off as pure meme noise.
Nothing is guaranteed going forward. Sentiment shifts fast and big positions can wreck a rally overnight. But the pieces stacking right now make the case that patience could pay off again. Regulatory guidance, technical base and fresh on-ramps sit there for holders who sat through this 93 percent drawdown.
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