Shiba Inu Under Pressure: Bears Threaten Further Decline as Community Calls for Caution

Shiba Inu is facing challenges from both price volatility and security concerns, raising questions about the future of the meme coin. Despite a brief rally after October’s sell-off, Shiba Inu has struggled to gain traction, with its price fluctuating in a tight range between $0.00001009 and $0.00001026. Market fears continue to weigh down the token’s performance, reflected in the Crypto Fear and Greed Index’s long-term stay in fear territory. This persistent negativity has fueled concerns about further price drops, leading many to predict a potential downward trajectory for the coin.