Shiba

Memecoin

Shiba Inu

<p>The post <a href="https://coinpedia.org/price-analysis/chatgpt-predicts-shiba-inu-shib-price-for-may-whats-in-store-for-the-memecoin/" rel="noopener noreferrer nofollow">ChatGPT Predicts Shiba Inu (SHIB) Price For May: What’s In Store For The Memecoin</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The underlying demand is rising, and sideline traders and institutional investors anticipate a bullish recovery. Surprisingly, the top choices for best performers are meme coins like Dogecoin and Shiba Inu, known for their massive price jumps.&nbsp;</p>
<p>Despite a weak bullish trend in the past few weeks, the general trend in the SHIB token is sideways to bearish. A potential breakout on the cards teases a massive upspring in Shiba inu coin prices with increased momentum.&nbsp;</p>
<p>Moreover, for further insight into the potential SHIB price trend in May, we consulted ChatGPT 4.0 to forecast the meme coin’s performance.</p>
<p>Let’s review the current performance and delve into ChatGPT’s SHIB price prediction one month after the Bitcoin Halving.</p>
<h2 class="wp-block-heading" id="h-shib-price-performance">SHIB Price Performance</h2>
<p>With negative 18% returns in the last 30 days, the SHIB price trend reflects an increased bearish influence. The minor increase in selling pressure leads to a declining trend and attempts to undermine the massive jump in early March.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/CwA_Pr5XUsLoMXroZ4Oc5p0yLMFbNmOn8ayg1ENs362wdiYhrssXYMK6jG9da8dLdKlBL9N9MhI6rK5PJlrlTrslyx77TUpF_uhWG5uW-CRa5jD1IHQs9SSckwyd8cXahdrGwPv-Ua3WY16HEFo8hQE" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/MGjKegbN/" rel="noopener noreferrer nofollow">Tradingview</a>
 </figcaption>
</figure>
<p>However, the 4H chart reflects a triangle formation with a solid support trendline, giving a bullish reversal possibility. Currently, the SHIB price trades at $0.00002470, close to the 50% Fibonacci level, support trendline, and the $0.00002450 demand zone.&nbsp;</p>
<p>As the meme coin trades close to multiple bullish catalysts, a reversal is possible down the line, teasing a bullish break. With such a breakout, the SHIB price could break the $0.00004382 peak and surpass $0.000050.&nbsp;</p>
<p>To confirm our price chart analysis, we asked ChatGPT to predict the SHIB price trend in May. Here’s what the AI predicted for Shiba Inu in May 2024.</p>
<h2 class="wp-block-heading" id="h-chatgpt-s-bullish-view-on-shiba-inu-coin-price">ChatGPT’s Bullish View on Shiba Inu Coin Price</h2>
<p>Detecting the symmetrical triangle pattern, the AI predicts two potential scenarios for the meme coin. With a possible bullish break, the SHIB price could skyrocket beyond the psychological mark of $0.000050.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/vriit2u10FpZLgEICrFOrqdEr1NZyoifhfi_DozjGMiv4iI8HTI-v8vrNqa9RTmtCgsrLFAsTFe-azQAhaxb_qrJe-pLMIb_nMF7JnYdm4_mdXX35sRq05K5i3kjxjX59w3vcxj206rvyMc0WWRUKNE" alt="">
</figure>
<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 beyond the psychological mark of $0.000052.&nbsp;</p>

ChatGPT Predicts Shiba Inu (SHIB) Price For May: What’s In Store For The Memecoin

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