SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit

The SHIB price has drawn fresh attention as market participants weigh both technical patterns and developer actions. Recently, Shiba Inu price trends have tightened within a prolonged symmetrical triangle, creating anticipation of a decisive breakout. Meanwhile, developers are tackling the bridge exploit issue that unsettled the ecosystem, working to secure funds and restore confidence.

SHIB Price Action: Can Bulls Drive a Breakout Toward $0.00005?

The SHIB price currently trades at $0.00001309 after holding steady within a narrowing wedge structure. Weekly charts show resistance overhead near $0.00001700 and major supply walls extending to $0.00003300. 

A confirmed breakout above the descending trendline could open the path toward $0.00005000, marking a projected long-term SHIB price forecast. Conversely, failure to break above the $0.00001700 level could retest the lower band of the structure near $0.0000100. 

However, price action continues to respect the base of this formation, hinting at buyer resilience. DMI readings remain mixed, with the positive directional index trying to stabilize above the negative. Such readings often precede stronger directional moves once consolidation phases resolve.

Long-term, analysts continue to anticipate bullish potential if the structure maintains its integrity and volume confirms an upward breakout, with some even eyeing a possible 540% surge in Shiba Inu price as reported recently by CoinGape.

Developers’ “War Room” Response and Taker Buy Dominance Shape SHIB Outlook

Developers tackling the Shibarium bridge exploit have reinforced confidence after confirming a “war room” strategy aimed at recovering stolen assets. Shytoshi Kusama emphasized his direct involvement alongside the core team, rejecting suggestions that leadership had stepped away. 

Moreover, the social impact of the $2.4 million exploit has been tempered by transparency around upgrades and recovery efforts. Community sentiment appears to lean toward resilience as safety measures expand across the network. 

This swift response provided reassurance across the Shiba Inu price ecosystem, aligning with a dominant “taker buy” signal on futures CVD data, according to CryptoQuant. The 90-day cumulative volume delta reveals steady buyer aggression, balancing sentiment after weeks of indecision. 

Additionally, the combination of improving flows and visible leadership could encourage speculative positioning at critical technical levels. Together, these elements suggest a supportive backdrop for SHIB as it navigates the coming breakout test.

Conclusively, the SHIB price remains confined within its long-standing wedge pattern but edges closer to resolution. Developer-led responses to the exploit alongside strong taker buy activity establish a base of support. Resistance remains overhead, yet bullish volume and leadership clarity provide reasons for optimism. Therefore, SHIB is decisively positioned to attempt a breakout toward higher targets.