Can Shiba Inu Defy the Crypto Market Downturn? Analysts Weigh In

• Shiba Inu has experienced a sharp decline amid the broader crypto market correction.
• Analyst Javon Marks believes the current dip could lead to a substantial price increase.
• Market intelligence platform Santiment reports negative sentiment towards SHIB is at its highest level this year..

Shiba Inu (SHIB), the popular meme-based cryptocurrency, has suffered a significant price drop amid a wider crypto market correction.

Despite falling 12% in 24 hours compared to Bitcoin’s 1% drop and hitting a four-month low, some analysts believe this downturn presents a buying opportunity and that the token’s long-term prospects remain positive.

Over the past week, Shiba Inu has declined over 20%, with a 29% drop in the last 30 days. Despite the bearish trend, analysts like Javon Marks believe this correction could pave the way for a substantial price increase.

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