Shiba

2024

April

Shiba Inu

<div class="finbold">
 <p class="paragraph">With the cryptocurrency sector switching its previous gains for trading in the red and wiping $230 billion in a day from its market capitalization, Shiba Inu (SHIB) has followed the bearish sentiment, and machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> and artificial intelligence (AI) algorithms <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a> more losses in the near future.</p>
 <p class="paragraph">Indeed, SHIB has started to reverse the advances it attained in the past several weeks, dropping well below its most recent all-time high (ATH) of $73,738 it reached on March 14, and it might not even stop there, as per the advanced price projection algorithms consulted on March 19.</p>
 <h2 class="wp-block-heading" id="h-shib-price-prediction">SHIB price prediction</h2>
 <p class="paragraph">Specifically, the flagship decentralized finance (DeFi) asset could continue to decline during March, potentially hitting the price of <strong>$0.000025</strong> by April 1, 2024, according to the algorithms deployed by the crypto analytics and forecasting platform <em>PricePredictions.</em></p>
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 <p class="paragraph">If this expectation, which relies on indicators like the moving average convergence divergence (MACD), relative strength index (RSI) Bollinger Bands (BB), average true range (ATR), and others, materialized, it would represent a small decrease of 1.96% from the price of Shiba Inu at press time.</p>
 <figure class="wp-block-image"><img decoding="async" width="863" height="627" src="https://cdn.thebittimes.com/images/2024/03/19/891498a478cbc8436e9e56741ad48a7d.webp" alt="SHIB price prediction 30-day chart. " class="wp-image-162124" srcset="https://cdn.thebittimes.com/images/2024/03/19/891498a478cbc8436e9e56741ad48a7d.webp 863w, https://cdn.thebittimes.com/images/2024/03/19/891498a478cbc8436e9e56741ad48a7d.webp 300w, https://cdn.thebittimes.com/images/2024/03/19/891498a478cbc8436e9e56741ad48a7d.webp 768w" sizes="(max-width: 863px) 100vw, 863px">
  <figcaption class="wp-element-caption"><em>SHIB price prediction 30-day chart. Source: </em><em>PricePredictions</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2>
 <p class="paragraph">For now, the dog-themed crypto asset is changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.0000255, which suggests a decrease of 7.51% in the last 24 hours, as well as a 20.56% decline across the previous seven days while still holding onto the 161.68% gain on its monthly chart.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="536" src="https://cdn.thebittimes.com/images/2024/03/19/91ea614f1466457f6f44e2d9e1a439c9.webp" alt="SHIB price 7-day chart." class="wp-image-162123" srcset="https://cdn.thebittimes.com/images/2024/03/19/91ea614f1466457f6f44e2d9e1a439c9.webp 750w, https://cdn.thebittimes.com/images/2024/03/19/91ea614f1466457f6f44e2d9e1a439c9.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>SHIB price 7-day chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">As it happens, the recent move ensued as Shiba Inu has occurred amid the general crypto market’s reaction to the upcoming United States Federal Open Market Committee (FOMC) meeting<em> </em>that is taking place on March 20, the outcome of which could impact the sector.</p>
 <p class="paragraph">At the same time, the market representative, Bitcoin (BTC) is going through an expected pre-halving correction after several weeks of exceptionally bullish movements, pulling the rest of the market with it, including the 11th-largest digital asset by market capitalization.</p>
 <p class="paragraph">Meanwhile, despite recent consolidation, the one-month sentiment gauges for Shiba Inu remain optimistic, pointing at a ‘buy’ at 14, as summarized from oscillators in the ‘neutral’ zone at 7, and a ‘strong buy’ at 10, according to the recent data<em> </em>by finance and crypto market analytics platform <em>TradingView</em>.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="480" src="https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp" alt="SHIB 30-day sentiment gauges." class="wp-image-162125" srcset="https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp 1600w, https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp 300w, https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp 1024w, https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp 768w, https://cdn.thebittimes.com/images/2024/03/19/066a947fdbbd8207f79e43e66ef973b0.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>SHIB 30-day sentiment gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, the machine algorithm’s SHIB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion might, indeed, come true, although the upcoming Bitcoin halving, during which the maiden crypto has historically demonstrated strength, could help the entire crypto market recover and push toward new highs by the end of 2024.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-for-april-1-2024-tbt82944.html">https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-for-april-1-2024-tbt82944.html</a></p>

Machine learning algorithm predicts SHIB price for April 1, 2024

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