Shiba

Bitcoin

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Shiba Inu

<p>The post <a href="https://coinpedia.org/price-analysis/chatgpts-shiba-inu-price-prediction-hints-2x-surge-before-bitcoin-halving/" rel="noopener noreferrer nofollow">ChatGPT’s Shiba Inu Price Prediction Hints 2x Surge Before Bitcoin Halving</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the increasing anticipation of Bitcoin Halving, the crypto market volatility is racing to higher levels. Amidst these fluctuations, the BTC price reclaims the $70,000 mark while the altcoins are divided. However, meme coins like Shiba Inu showcase an underlying surge in demand, slowly reflecting the price trend.</p>
<p>Following the bull run of a 250% surge in just two weeks, the meme coin takes a sideways shift. However, with the anticipations of an altcoin season coming with the Bitcoin Halving this April, the price action projects a potential surge.&nbsp;</p>
<p>Further, to get additional insight on the possible SHIB price trend ahead of Bitcoin Halving, we asked ChatGPT 4.0 to predict the meme coin’s performance. So, let’s have a closer look at the current performance and price chart and then dive into ChatGPT’s SHIB price prediction ahead of Bitcoin Halving.</p>
<h2 class="wp-block-heading" id="h-shiba-inu-price-performance">Shiba Inu Price Performance</h2>
<p>As the second biggest meme coin in the crypto world, Shiba Inu has a market cap of $16.36 Billion, making it the 12th biggest crypto. In the last 24 hours, the meme coin has increased by 2.53% as Bitcoin resurfaces above $70,000. With almost $600 Million in trading volume, this meme coin is the 16th biggest traded crypto.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362.png" alt="" class="wp-image-289284" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114419/image-362-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p><a href="https://www.tradingview.com/x/yAJMPT4j/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>In the daily chart, the SHIB price trend showcases a bullish pennant formation due to the ongoing contraction in volatility. As pennants are known for trend continuation, the overall sentiment for the meme coin remains bullish.</p>
<p>Moving along with the baseline of the pennant, the 50D EMA is ready to provide a dynamic bounce pad in case of a downfall. Further, the $0.000025 level remains a crucial support level.&nbsp;</p>
<p>Currently, Shiba Inu trades at the baseline and projects a high likelihood of a bullish reversal. As per the trend-based Fibonacci levels, the SHIB price could hit the $0.000051 mark or the 100% Fib level.&nbsp;</p>
<p>We shared this analysis and price chart with ChatGPT to back up our analysis. Here’s what the AI predicted for Shiba Inu in April 2024.</p>
<h2 class="wp-block-heading" id="h-chatgpt-predicts-high-volume-breakout-in-shiba-inu-nbsp">ChatGPT Predicts High Volume Breakout In Shiba Inu&nbsp;</h2>
<p>Starting from the indicators and psychology, the AI takes the triangle pattern into consideration. Further, ChatGPT signals a surge in trading volume in days ahead of Bitcoin Halving, which could shift the price trend.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="673" height="379" src="https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-360.png" alt="" class="wp-image-289282" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-360.png 673w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-360-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-360-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-360-150x84.png 150w" sizes="(max-width: 673px) 100vw, 673px">
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<figure class="wp-block-image"><img decoding="async" width="676" height="520" src="https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-361.png" alt="" class="wp-image-289283" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-361.png 676w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-361-300x231.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/11114417/image-361-150x115.png 150w" sizes="(max-width: 676px) 100vw, 676px">
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<p>As per the AI, the uptrend with a breakout could aim the $0.000052 mark, exceeding the resistance levels in-between.&nbsp;</p>
<h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
<p>In short, the technical analysis and the ChatGPT price prediction share a similar bullish viewpoint, teasing a potential jump to the $0.000052 mark. In doing so, the Shiba Inu price is expected to overcome the psychological barrier and sprint a bull run ahead of Bitcoin Halving.&nbsp;</p>

ChatGPT’s Shiba Inu Price Prediction Hints 2x Surge Before Bitcoin Halving

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