Shiba Inu Slides Below Key Averages Amid Ongoing Bearish Trend

Shiba Inu's price has been on a downward trend over the past week, falling by more than 3% to $0.0000045. This decline is largely due to the ongoing bearish long-term trend and the crypto remaining below key moving averages.

The daily chart momentum and technical indicators are still negative, with the CCI standing at -118.15487695 in the oversold zone. Volatility has been moderate at 9.2% over the week, but the nearest support is the 50-day average at $0.00000445.

Traders should be cautious as further losses are likely next week unless resistance is reclaimed. The base case is further downside within the range of $0.00000428 to $0.00000471, with a 76% chance of a decrease and only a 24% chance of an increase.

Community leaders have warned about security concerns, including fake 'official' SHIB accounts and suspicious wallet behaviors. The recent Shibarium outage has added new operational and security dimensions, making it essential to monitor the integrity of official network communications alongside price action near the critical $0.00000445 support level.