Shiba Inu’s layer-2 network, Shibarium, kept its bridge offline today as the team continued incident response following the Sept. 12 security breach. A same-day roundup reported the bridge “remains down,” with no restart window announced. The update emphasized containment while developers work through recovery steps.
Developers pointed back to their technical note explaining that on Sept. 12 an attacker abused validator signing power to push a malicious exit through the proof-of-stake bridge, enabling unauthorized withdrawals. The post described short-lived stake amplification alongside malicious checkpoint and exit proofs, and it said on-chain activity linked to the attacker sold portions of ETH, SHIB and other tokens. Today’s coverage referenced that explanation as the basis for why bridge operations stay restricted.
Meanwhile, multiple outlets summarizing the situation today said the bridge remains paused more than a week after the incident, with asset recovery and reimbursement plans still unconfirmed. Reports cited loss tallies in the low-million-dollar range and highlighted that users cannot move assets back to Ethereum while the pause persists. The team has reiterated that future notices will come through official channels.
SHIB USD daily — bearish flag breakdown risk Sep 22, 2025
The SHIB/USD chart September 22, 2025 price prints near 0.00001207 United States dollar on the right axis while the Exponential Moving Average 50 sits around 0.00001291 United States dollar. Today’s candle slices below the rising lower trendline of a months-long channel that followed a sharp late July selloff.
This structure creates a bearish flag pattern. A bearish flag starts with a steep drop that forms the “flagpole,” then price grinds higher or sideways inside a tight, upward-tilting channel that forms the “flag.” Sellers usually regain control when price closes below the flag’s lower boundary, especially with expanding volume, and continuation often follows the direction of the prior impulse.
If today’s breach confirms with a daily close and sustained trade below the channel, the pattern implies downside extension. From the current 0.00001207 United States dollar level, a thirty percent decline would project toward roughly 0.00000845 United States dollar. The chart also shows an intermediate shelf near 0.00000923 United States dollar that may attract bids on the way down, yet the measured risk points lower while the break holds.
SHIBUSD daily RSI — momentum turns risk-off Sep 22, 2025
The Relative Strength Index 14 prints 39.85 on the daily chart, while its smoothing line sits near 54.05. Momentum sits below the neutral 50 axis, which signals sellers control the tape today. The slide follows August’s overbought burst and confirms a decisive shift from strength to weakness.
Moreover, the RSI line remains well under its smoothing line and failed to reclaim 50 during the latest bounce. That sequence often characterizes bearish phases: rallies stall beneath 50, then fresh pushes send RSI toward the 30 area. With the oscillator not yet oversold, downside room remains before classic exhaustion readings appear.
Finally, recent volatility shows lower RSI highs since late August, which aligns with price pressure seen on the main chart. Until the RSI can close back above 50 and hold there, momentum evidence points to continued risk of drift or acceleration lower. If the oscillator approaches 30, traders typically reassess for signs of seller fatigue, but today’s setup still favors the bears.