Shiba Inu (Shib) crashes 20% per day, but this key metric suggests a return

Tl; DR

• Shib collapsed at a four -month hollow, but an indicator suggests an upward potential movement.
• THE entire Even niche corner is in red today (February 3), with Wif, Bonk, Floki, and more among the biggest losers.

Just a temporary correction?

The last 24 hours have been calamites for the cryptocurrency market, with many leading digital assets recording two-digit losses. Bitcoin (BTC) briefly crash Below $ 92,000, but it was the altcoins that took the major blow.

Among the least affected, there was the same corner Shiba Inu (SHIB), whose evaluation collapsed at $ 0.00001284, representing the lowest point since September of last year. In the following hours, the Bulls managed to restore part of the lost land, and the price currently oscillates at around 0.00001443, a daily decrease of 17%.

Despite the lowering environment, the Relative Strength of Shib (RSI) suggests an incoming reversal. The metric, which measures the speed and variation of price movements, varies from 0 to 100 and helps traders to identify the conditions of occurrence or surbouillit.

The ratio recently soaked At 16, which indicates that the assets could be undervalued and potentially directed to a short-term rally.

In addition, the exchange of Shib Netflow has turned mainly negative last week. This Indicates a possible passage from centralized platforms to private wallets, hence reduced immediate pressure.

Overall perspectives of the memes play

The total market capitalization of the meme parts sector is currently about $ 75 billion. This represents a major crash of more than 17% on a 24 -hour scale.

Some of the biggest losers include Pepe (Pepe), Bonk Inu (Bonk), Floki (Floki), dogwifhat (WIF) and Brett (Brett). All those who saw their prices drop by more than 20% during the aforementioned period.

The coins that Make the headlines Towards the end of January – Official Trump (Trump) and Melania even (Melania) – Also directed south. The first lost its place in the summit 3 List and is now the fourth largest. For its part, Melania (whose market capitalization enriched More than $ 2 billion last month) now has a capitalization of only $ 220 million.

On the other hand, Fartcoin (Fartcoin), the Rig Ai (Arc) and Elon4AF (Elon4Afd) complex are among the very rare tracrants.