The price of Shiba Inu (SHIB) has remained within a 1-week ascending triangle pattern despite a significant correction. 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 the bullish setup and lead to further decline. SHIB has faced challenges as its price and volume dropped, but the ascending triangle pattern is seen as a bullish continuation pattern. Internal disputes within the SHIB community have raised concerns, but the SHIB Metaverse project has provided hope. It has also been alleged that SHIB's top leadership has engaged in manipulative tactics and insider trading. The top brass of SHIB has not yet responded to these claims. The SHIB Metaverse project, powered by the layer-2 Shibarium solution, aims to be a platform for creativity, connection, and ownership. Market analysts believe that SHIB must align with its original vision and capitalize on Ethereum's roadmap for future innovations.



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