Shiba Inu (SHIB), the most prominent dog-themed memecoin on the Ethereum network, finds itself at a crucial point after enduring a downward trend for the last two months. With its fully diluted valuation around $7 billion, some analysts believe SHIB may have reached its correction bottom. As market sentiment shifts, traders are keenly observing potential signals for a rebound. Understanding market trends and investor psychology will be vital in predicting SHIB’s next movements. The memecoin’s active community remains hopeful for a significant turnaround, especially with market conditions in flux.