Shiba

2024

Shiba Inu

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 <p class="paragraph">After a surge in popularity of meme coins in March, cryptocurrencies have seen a notable price decline over the past week.&nbsp;</p>
 <p class="paragraph">In particular, Shiba Inu (SHIB) has been following a downward trajectory, trading below previously solid support levels.</p>
 <p class="paragraph">Despite a decline of approximately 18.96% over the past week, bringing the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of SHIB to around $0.000023 as of April 19, there has been a recent upswing. From its lowest level of $11.36 billion on April 13, Shiba Inu has displayed resilience, reclaiming some lost ground over the past five days.</p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="660" height="573" src="https://cdn.thebittimes.com/images/2024/04/19/f0193ae2120fe14577eb1859d6fdd609.webp" alt class="wp-image-170080" srcset="https://cdn.thebittimes.com/images/2024/04/19/f0193ae2120fe14577eb1859d6fdd609.webp 660w, https://cdn.thebittimes.com/images/2024/04/19/f0193ae2120fe14577eb1859d6fdd609.webp 300w" sizes="(max-width: 660px) 100vw, 660px">
  <figcaption class="wp-element-caption">
   SHIB 7-day <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> chart. Source: <em>Finbold</em>
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 <p class="paragraph">In the last 24 hours, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has climbed nearly 4%; however, this slight improvement is balanced by the fact that SHIB’s market capitalization has experienced a notable decline over the last week decreasing from over $16 billion to approximately $13 billion.</p>
 <h2 class="wp-block-heading" id="h-key-shib-levels-to-watch">Key SHIB levels to watch</h2>
 <p class="paragraph">Currently, Shiba Inu is trading around the support level of $0.000023. To keep climbing, the token needs to overcome resistance at $0.00003.</p>
 <p class="paragraph">While machine learning algorithms suggest a neutral trend in the short term, with a slight chance of increase or decrease in the next few hours, the long-term forecast appears bearish.&nbsp;</p>
 <p class="paragraph">Artificial intelligence (AI) machine algorithm models on April 19 <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a> a potential 4.35% decrease for the token by the end of the month, bringing the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of SHIB down to around $0.000022 by May 1.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="500" src="https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp" alt class="wp-image-170081" srcset="https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp 1536w, https://cdn.thebittimes.com/images/2024/04/19/c86afc5b350a032df987d0f43c7d181b.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB prediction, May 1, 2024. Source: <em>PricePredictions</em>
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 <p class="paragraph">These <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ions are based on technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicators like relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR), and others.</p>
 <h2 class="wp-block-heading" id="h-shib-technical-indicators">SHIB technical indicators</h2>
 <p class="paragraph">The summary of Shiba Inu, founded on any of the most popular technical indicators such as moving averages, oscillators, and pivots, represents a diverse outlook.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="280" src="https://cdn.thebittimes.com/images/2024/04/19/ff7520301b16df0cd3734e42318deb3c.webp" alt class="wp-image-170082" srcset="https://cdn.thebittimes.com/images/2024/04/19/ff7520301b16df0cd3734e42318deb3c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/ff7520301b16df0cd3734e42318deb3c.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/ff7520301b16df0cd3734e42318deb3c.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/ff7520301b16df0cd3734e42318deb3c.webp 1425w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB technicals based on the last 24h. Source: <em>TradingView</em>
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 <p class="paragraph">Looking at the last 24 hours, moving averages suggest selling, while oscillators lean towards neutrality. However, on the one-week timeframe, the trend flips. Moving averages now indicate a buy signal, while oscillators remain neutral.</p>
 <h2 class="wp-block-heading" id="h-shibarium-transaction-numbers">Shibarium transaction numbers</h2>
 <p class="paragraph">According to data from Shibariumscan, new transactions on the Ethereum Layer-2 scaling solution have reached 475,0292 as of press time. However, this figure still falls significantly short of the peak of 958,500 transactions that Shibarium previously recorded, before experiencing a substantial drop of 63.2% three days ago.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="914" src="https://cdn.thebittimes.com/images/2024/04/19/52b3db169c29a41c058420a4a1c22874.webp" alt class="wp-image-170083" srcset="https://cdn.thebittimes.com/images/2024/04/19/52b3db169c29a41c058420a4a1c22874.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/52b3db169c29a41c058420a4a1c22874.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/52b3db169c29a41c058420a4a1c22874.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/52b3db169c29a41c058420a4a1c22874.webp 1121w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB transactions chart. Source: <em>Shibariumscan.io</em>
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 </figure>
 <p class="paragraph">Neve­rtheless, this positive deve­lopment aligns with historical trends, suggesting the­ possibility of future price increase­, and coincides with recent gains obse­rved in SHIB and BONE tokens.&nbsp;</p>
 <p class="paragraph">All in all, the long-te­rm sustainability of this recovery remains to be­ seen.</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/ai-predicts-shib-price-for-may-1-2024-tbt85774.html">https://thebittimes.com/ai-predicts-shib-price-for-may-1-2024-tbt85774.html</a></p>

AI predicts SHIB price for May 1, 2024

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