Shiba Inu (SHIB) is experiencing leadership instability and security issues, causing concern among its 1.5 million holders. The cryptocurrency is consolidating within a symmetrical triangle pattern, with a potential breakout on the horizon. SHIB has declined 11% over the past week, currently trading around $0.00001190.
Key developers have stepped back from leadership roles, exacerbating the uncertainty. Additionally, the Shibarium Bridge hack earlier this month resulted in a loss of over $4 million, with no recovery in sight. Price analysis indicates a possible rise to $0.00001418 or $0.00002000 if SHIB breaks above the upper trendline, or a fall to $0.00001100 if it fails to maintain support.
Shiba Inu Faces Leadership Challenges and Price Uncertainty
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