Shiba Inu (SHIB) is facing a significant downturn, with its price experiencing notable losses. This slump has been fueled by concerning declines in network activity and exchange inflows, raising concerns among investors. The latest data reveals Shibarium, the platform’s layer-2 scaling solution, has experienced a steep decrease in transactions, hitting multi-month lows as of August 24th. This decline signals reduced interest and engagement within the ecosystem. Moreover, inflows on centralized exchanges have surged, suggesting a move from SHIB holders to trading platforms, adding fuel to the bearish trend. The situation remains precarious for SHIB investors, with technical analysis offering some glimmer of hope. Despite the recent downturn, some analysts point to historical patterns indicating SHIB has often experienced rebounds after periods of consolidation. For example, if the coin consolidates within its accumulation zone, a similar pattern may be observed leading to a significant price surge.