Shiba Inu (SHIB) Crashes 20% Daily But This Key Metric Suggests a Comeback

TL;DR

• SHIB collapsed to a four-month low, but one indicator suggests a potential move to the upside.
• The entire meme coin niche is in red today (February 3), with WIF, BONK, FLOKI, and more among the biggest losers.

Just a Temporary Correction?

The past 24 hours have been calamitous for the cryptocurrency market, with numerous leading digital assets recording double-digit losses. Bitcoin (BTC) briefly crashed below $92,000, but it was the altcoins that took the major blow.