Shiba Inu's recent price indicates a bullish momentum, which is significantly attributed to its positive alignment with Fibonacci retracement levels. Additionally, an ascending channel trend plays a crucial role in driving this momentum.
Meanwhile, despite these favorable technical indicators, the SHIB ecosystem is encountering certain challenges that could impact its forward momentum. The article delves into these aspects, exploring the implications for investors and the potential trajectory for Shiba Inu in the current market landscape.
