Shiba Inu, a popular meme coin, has reached a three-month low, causing concern among investors. The coin's price has dropped below a crucial support level, indicating a bearish trend. The Chaikin Money Flow, a measure of accumulation and distribution, is also below the neutral line, signaling increasing selling pressure.

In addition, Shiba Inu's Open Interest has plummeted by over 50% in just a week, from $73 million to $34 million. This significant decline suggests a loss of investor confidence and a shift away from the cryptocurrency. As a result, Shiba Inu's price is likely to either consolidate below the critical support level or experience a further decline.

The current outlook for Shiba Inu is bearish, and recovery may take some time. The coin's price will likely hover below the support level or experience a drawdown to $0.00001473. However, if buying pressure returns, the price could push above $0.00002093, invalidating the bearish thesis.

In conclusion, Shiba Inu's price has reached a three-month low, and investor interest is waning. The bearish trend is likely to continue, with the price consolidating or experiencing a further decline. Recovery may take some time, and investors should exercise caution and conduct thorough research before making any investment decisions.