SHIB increased by 1.13% over the past day, appearing lukewarm. But the story behind it is much more complicated — technical and fundamental aspects are at odds.

**Technical side is a bit frustrating**
The short-term EMA(7) has already fallen below the long-term EMA(25、99), and the MACD has also shown a bearish crossover. Simply put, the short-term downward momentum is quite evident. Plus, margin trading of SHIB/FDUSD will be delisted before December 30, which could further squeeze trading liquidity and limit options.

**But the ecosystem is fighting back**
The Shibarium network is continuously optimizing, and the project team even plans to introduce Zama’s fully homomorphic encryption technology to enhance future usability. The most exaggerated thing is that the community recently emphasized the large-scale burning event of 410 trillion SHIB — this move aims to increase scarcity and support the price. From the spot market’s buying enthusiasm, holders’ confidence indeed hasn’t collapsed.

**Old issues still persist**
The doubts about SHIB have never been few: unfulfilled project promises, slow progress in practical applications, mysterious leadership identities, and a huge token supply. These are long-term Damocles swords hanging over it.

**The community is now divided**
Some are crying out in pain, having lost everything. Others still believe in long-term potential, betting on ecosystem development and burning effects. The price resilience is indeed there, but where it’s headed probably depends on who wins this upcoming battle between technical and fundamental factors.