Shiba Inu Slumps as Bearish Trend Regains Momentum

Shiba Inu has been experiencing a bearish trend in recent hours, with its price declining by 4.81% in the past 24 hours.

This decline follows a 5.1% increase over the past month, according to Coinalyze data.

The Open Interest change from yesterday was -16.18%, indicating a decrease in market interest.

Additionally, the spot CVD and speculative interest have also seen a downturn, with the funding rate being bearish in recent hours.

This combination of signals paints a bearish picture for Shiba Inu, with some analysts warning of further losses.

A potential price drop to $0.0000034, representing a 26.6% decline from current market prices, is predicted if the bearish structure continues.