Shiba Inu (SHIB) has faced a period of price decline and negative speculation, but core team members insist the project is still building and has growth potential.
The Shibarium ecosystem has been relatively quiet in recent months, with no major new announcements or partnerships. This has led some to question SHIB’s long-term prospects. However, team member Lucie defended the project, saying, “SHIB ecosystem took every hit but it’s still here, still building, still fighting.”
Despite its slow start, Shibarium’s total value locked (TVL) has grown modestly to $2 million, according to DefiLlama. Adoption remains low, and the ecosystem has struggled to retain active users, leaving SHIB’s price largely driven by speculation rather than fundamentals.
Analysts point to technical indicators that suggest a potential breakout. SHIB has been moving within a 7-month descending channel. Momentum indicators, including the RSI and MACD, hint at growing buy pressure.
If SHIB breaks above the key $0.000012 level, it could target $0.000024, a potential 170% gain. A more ambitious target of $0.0001 would require stronger adoption and ecosystem growth.
Without stronger fundamentals, however, a breakdown remains possible. A drop could see SHIB fall to $0.0000067.
