Shiba Inu Coin (SHIB): Internal troubles continue, but it has become a hot spot in the market

Shiba Inu Coin (SHIB) has been in a lot of trouble recently and is deeply involved in internal disputes, but its popularity in the market has risen instead, becoming a "hot commodity" in the eyes of investors.

After a sharp pullback in the price of Shiba Inu, it is trapped in a 1-week ascending triangle pattern. If it can break through the resistance zone, it is conservatively estimated to reach $0.000056 in this cycle; if it falls below the lower trend line, the bullish layout will collapse and the decline may be greater.

It is also facing a situation where both price and trading volume are falling, which has attracted much attention from the market. However, the corrected ascending triangle is often regarded as a bullish signal, and breaking through the resistance line will have upward momentum. From the trend, the lower yellow line moves up, indicating that high-priced buying is gradually strengthening; the upper yellow line is flat, indicating that the selling pressure is large, hindering the breakthrough.

If the resistance is broken, the target price of $0.000056 is based on evidence. When trapped at the moment, changes in trading volume and momentum are key breakthrough signals.

At the same time, there are new developments in the SHIB ecosystem. Shibburn accused the top management of manipulating strategies to promote personal NFT projects. There were constant rumors of insider trading, but the top management did not respond. Recently, the SHIB Metaverse project has made some progress. As a key part of L2 Shibarium, it has technical empowerment and aims to be a creative platform. I think the development of SHIB should still be in line with Ryoshi's original idea.