Shiba Inu is experiencing a price slump, as evidenced by its plummeting social sentiment score and diminished demand. Despite the bearish outlook, an opportunity for rebounding presents itself as SHIB becomes oversold and as more transactions occur on Shibarium.
Market analysts suggest this could help the cryptocurrency recover by up to 80% in February. The potential for a rebound is bolstered by the oversold conditions surrounding SHIB and increasing transaction frequency. Interested parties are closely watching these market conditions for a potential uplift.