The size of the mem-pool is at extremely low levels and is coming close to its bottom. There has been a small uptick in the size in the past two days and this is signaling that the correction is getting to a consolidation stage. After the consolidation stage subsides we should see a healthy uptick in the price of Bitcoin and other cryptos.
I don't think the correction is fully done and we should begin to see the recovery towards the end of February and or the beginning of March.