The post Price Struggles Intensify Amid Ecosystem Uncertainty appeared on BitcoinEthereumNews.com.

Shiba Inu’s price shows bullish signs despite a recent correction, trading within an ascending triangle. Shiba Inu leadership faces accusations of manipulation and insider trading. Shiba Inu Metaverse updates offer a glimmer of hope for the project. Shiba Inu’s price remains confined within a 1-week ascending triangle pattern despite a significant correction in its price. If $SHIB breaks above the resistance zone, the conservative price target for this cycle is $0.000056. However, a breakdown below the lower trendline could invalidate this bullish setup and signal a further downslide. Further, SHIB faced mounting challenges as its price and volume dropped, raising eyebrows. However, the ascending triangle post-correction is generally viewed as a bullish continuation pattern, often signaling potential upward momentum upon a breakout above the resistance line. The lower yellow line indicates higher lows, signaling increased buying interest at higher levels. Meanwhile, the flat upper yellow line highlighted a level of consistent selling pressure, where prices struggled to break above. If SHIB breaks above the resistance zone, the conservative price target for this cycle is $0.000056. This projection is based on the height of the triangle added to the breakout point. While the current price movement is still within the triangle, traders should watch out for increased volume and momentum as key breakout signals. Read also : Can Shiba Inu (SHIB) Reach 3 Cents? Analyzing the Path Ahead Meanwhile, internal disputes have rocked the SHIB community, with allegations of manipulative tactics, insider trading, and a lack of transparency from prominent figures like Shytoshi Kusama. Amidst this uncertainty, the SHIB Metaverse project has emerged as a beacon of hope.  Shiba Inu Internal Discord Raises Red Flags   On the other hand, market observers note a series of intriguing developments within the SHIB ecosystem. Shibburn, a prominent burn tracker, recently dropped the bombshell by…

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Filed under: News - @ December 26, 2024 3:26 pm