Shiba

2024

April

Shiba Inu

<a href="https://www.newsbtc.com/news/shiba-inu-shib-slumps-as-whale-sell-off-dampens-momentum-details/" rel="nofollow noopener" target="_blank">The price of Shiba Inu</a> has been predicted to experience a major increase amidst the <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-bull-run-2024-inevitable/" rel="nofollow noopener" target="_blank">2024 bull market</a> that has propelled various meme coins to new all-time highs. This <a href="https://bitcoinist.com/shiba-inu-turns-bullish-crypto/">forecast</a> puts the spotlight on the doggy-themed cryptocurrency, highlighting a potential for more increases in its price value. 
<h2 id="shib-expected-to-rise-in-april">SHIB Expected To Rise In April</h2> 
Machine learning algorithm, PricePredictions has <a href="https://pricepredictions.com/forecast/shiba-inu" rel="nofollow noopener" target="_blank">made</a> a bullish price forecast for Shiba Inu’s native token, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-takes-over-the-internet-google-searches-climb-as-global-interest-surges/" rel="nofollow noopener" target="_blank">SHIB</a>. According to the Artificial Intelligence (AI) platform, SHIB is currently displaying long-term<a href="https://www.newsbtc.com/shiba-inu/shiba-inu-climbs-to-second-spot-in-crypto-searches-as-shib-rallies/" rel="nofollow noopener" target="_blank"> bullish signals</a> and could see its price potentially surging to $0.00003 by April 20, 2024.&nbsp; 
Sharing a chart of <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-mirrors-2021/" rel="nofollow noopener" target="_blank">Shiba Inu’s historical price movements</a>, PricePredictions disclosed that SHIB is currently struggling at resistance levels of $0.00003. The cryptocurrency recently experienced a significant decline of 6.99% over the past week. However, despite the price drop, SHIB is anticipated to undergo a short-term <a href="https://www.newsbtc.com/all/shiba-inu-shib-5-rally-reversal-confirmed/" rel="nofollow noopener" target="_blank">price recovery</a> as traders take advantage of the dip as a buying opportunity.&nbsp; 
Using price indicator tools like Moving Weighted Averages (MWA), and Bollinger Bands (BB), PricePredictions analyzes a cryptocurrency’s price momentum over the years, leveraging <a href="https://www.newsbtc.com/bitcoin-news/historical-trends-unveil-bitcoin-peak-timing-in-current-bull-cycle/" rel="nofollow noopener" target="_blank">historical trends to predict the cryptocurrency’s future value</a>. The platform employs advanced machine learning algorithms to generate market forecasts and price predictions of cryptocurrencies.&nbsp; 
Despite the <a href="https://bitcoinist.com/shiba-inu-surge-crypto-shib/">promising future outlook of Shiba Inu</a>, indicated by its relatively steady upward trajectory over the past few months, it’s important to recognize the inherent difficulty in accurately predicting <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-rare-bullish-signal-price-target/" rel="nofollow noopener" target="_blank">future prices of cryptocurrencies</a>. Nevertheless, technical analysis from AI platforms like PricePrediction can offer insights into a cryptocurrency’s price movements and current performance.&nbsp; 
<h2 id="shiba-inu-price-update">Shiba Inu Price Update</h2> 
Recently, the <a href="https://www.newsbtc.com/shiba-inu/shib-will-lose-place-to-pepe-in-new-bull-cycle-analyst-makes-the-case/" rel="nofollow noopener" target="_blank">price of SHIB</a> has been displaying bearish trends, experiencing a 6.18% decline in the past 24 hours and a 7.52% drop over the past seven days. The cryptocurrency has <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-dips-below-0-00003-again-can-bulls-reverse-the-bullish-momentum/" rel="nofollow noopener" target="_blank">failed to hold key support levels at $0.00003</a>, plummeting to a price of $0.000027, at the time of writing.&nbsp; 
According to its price chart from CoinMarketCap, <a href="https://www.newsbtc.com/press-releases/unveiling-the-future-why-shiba-inus-latest-move-signals-a-broader-market-shift/" rel="nofollow noopener" target="_blank">Shiba Inu</a> is currently showing red candles and may continue downward if it does not undergo a price reversal. Including SHIB, other <a href="https://www.newsbtc.com/meme-coins/meme-coins-next-trojan-horse/" rel="nofollow noopener" target="_blank">meme coins</a> have been on a bearish trajectory recently. 
Popular meme coins like <a href="https://www.newsbtc.com/news/dogwifhat-wif-flips-pepe-as-the-3rd-largest-memecoin-after-hitting-4/" rel="nofollow noopener" target="_blank">Pepe (PEPE)</a> have witnessed a price drop of more than 10% in the past 24 hours. While the price of <a href="https://www.newsbtc.com/news/dogecoin/traders-not-dogecoin-fomo-good-sign-rally/" rel="nofollow noopener" target="_blank">Dogecoin (DOGE)</a> is trading at $0.18, reflecting a price decrease of about 9.3% in just a day. 
These bearish prices may indicate the present market sentiment surrounding meme coins, suggesting a cautious outlook among investors. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/T2emsOEM/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1530">

Machine Learning Algorithm Reveals What To Expect From Shiba Inu In April

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