Shiba Inu

With the fourth month of 2023 nearing its conclusion, Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) has assumed a <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> trend of the general <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> that has prevailed during the past week, and <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> are trying to gauge the price of the dog meme <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset for the near future, using various tools, such as those provided by artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>).In this context, the machine learning algorithms over at the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring and prediction platform PricePredictions have set the price of <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> at $0.000010 by May 1, 2023, which is not a major change compared to its current price, according to the latest <a href="https://pricepredictions.com/forecast/shiba-inu" rel="noopener noreferrer nofollow">information</a> retrieved by Finbold on April 24.That said, this prediction, which relies on technical indicators like moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), and others, is slightly lower than those for <a href="https://finbold.com/machine-learning-algorithm-sets-shib-price-for-april-30-2023/" rel="noopener noreferrer nofollow">April 30</a> and <a href="https://finbold.com/machine-learning-algorithm-sets-shib-price-for-march-31-2023/" rel="noopener noreferrer nofollow">March 31</a>, respectively, which both stood at $0.000011 when Finbold earlier reported on them.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/85ff9e5e30b946949f7057f190896dd0.png" />SHIB 7-day price forecast. Source: <a href="https://pricepredictions.com/forecast/shiba-inu" rel="noopener noreferrer nofollow">PricePredictions</a><h2 id="header-0">SHIB price analysis</h2>As things stand, Shiba Inu is currently changing hands at the price of $0.00001027, which demonstrates a decline of 1.68% in the last 24 hours, as well as an 11.15% drop across the past week, in addition to losing 3.13% to its value on its monthly chart.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7c9df97286fb4c9eb31c57f9312b80c5.png" />SHIB 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, the sentiment on the one-day <a href="https://www.tradingview.com/symbols/SHIBUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">gauges</a> retrieved from the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto tracking website TradingView is predominantly bearish, suggesting ‘sell’ at 15. This sentiment is the result of the <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> in the ‘neutral’ zone at 8, as well as the moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) indicating a ‘strong sell’ at 13.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e611c5641735436b9e26dccb6ff92d7b.png" />SHIB 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/SHIBUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Whether SHIB continues trading sideways in May, as predicted by the machine algorithms or makes a significant move in either direction, will depend on the related developments, such as the <a href="https://twitter.com/SHIB__World/status/1647637409449021440" rel="noopener noreferrer nofollow">upcoming</a> Shibaswap 2.0, as well as the sentiment on the wider crypto market and macro landscape.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets SHIB price for May 1, 2023

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Finbold

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