Shiba

Cryptocurrency

Bitcoin

Zeitgeist

Shiba Inu

<div class="finbold">
 <p class="paragraph">January was a weak month regarding the performance of the majority of cryptocurrencies. However, the prospect seems to be changing as Bitcoin (BTC) looks to reclaim its previous threshold after falling below $40,000.&nbsp;</p>
 <p class="paragraph">Concurrently, altcoins, most notably Shiba Inu (SHIB), have showcased some notable positive signals on TD sequential and 200 and 50-day moving averages.</p>
 <p class="paragraph">Considering the current circumstances, Finbold has enlisted the support of <em>CoinCodex</em> to utilize its AI-driven machine-learning algorithms in analyzing the expected <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of SHIB by the end of this month.</p>
 <p class="paragraph">These algorithms systematically evaluate the evolving market conditions and carefully scrutinize relevant indicators to forecast the likelihood of cryptocurrency experiencing a value increase by the end of the month, which will be February 29 this year, as it is a leap year.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="902" height="419" src="https://cdn.thebittimes.com/images/2024/02/01/c5f6e11d76a07d0fc09602a7bcf81239.webp" alt="SHIB price prediction for February 29. Source: CoinCodex" class="wp-image-152571" srcset="https://cdn.thebittimes.com/images/2024/02/01/c5f6e11d76a07d0fc09602a7bcf81239.webp 902w, https://cdn.thebittimes.com/images/2024/02/01/c5f6e11d76a07d0fc09602a7bcf81239.webp 300w, https://cdn.thebittimes.com/images/2024/02/01/c5f6e11d76a07d0fc09602a7bcf81239.webp 768w" sizes="(max-width: 902px) 100vw, 902px">
  <figcaption class="wp-element-caption">
   SHIB price prediction for February 29. Source: CoinCodex
  </figcaption>
 </figure>
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 <p class="paragraph">According to the algorithms, the projected <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for SHIB is expected to decrease to $0.000008137 by February 29, reflecting a -8.61% fall from its present level of $0.000008904.</p>
 <h2 class="wp-block-heading" id="h-analysts-predictions">Analysts predictions</h2>
 <p class="paragraph">SHIB recently flashed a reversal signal on TD Sequential, which is a robust technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool crafted to pinpoint the moment of trend exhaustion for traders and anticipate potential <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> reversals.</p>
 <p class="paragraph">In particular, the TD Sequential indicator has demonstrated notable accuracy in forecasting movements in the price of Shiba Inu. It signals a buy, suggesting a potential upward movement for SHIB, per cryptocurrency expert Ali Martinez.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Keep an eye out, as SHIB could climb to $0.010 or potentially even reach $0.011!”</p>
 </blockquote>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="696" src="https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp" alt="Potential SHIB trend reversal according to TD Sequential indicator. Source: Ali Martinez" class="wp-image-152572" srcset="https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp 1024w, https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp 300w, https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp 768w, https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp 1536w, https://cdn.thebittimes.com/images/2024/02/01/2ff7a9ecd44bee0bc59d62e2888b19ff.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Potential SHIB trend reversal according to TD Sequential indicator. Source: Ali Martinez
  </figcaption>
 </figure>
 <p class="paragraph">Hence, as the expert indicates a possible ascent to $0.010 or $0.011, he alludes to the contract price for 1,000 SHIB tokens. This implies that the individual token price could reach $0.000010 or $0.000011, respectively.</p>
 <p class="paragraph">Looking at the 2-hour chart for Shiba Inu, a downward trend seems to be breaking, indicating a possible increase in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, as per crypto trader <em>SHIB KNIGHT’s</em> post on January 29.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$SHIB is breaking downtrend at 2H Chart pic.twitter.com/XN3R2EjJEm</p>— $SHIB KNIGHT (@army_shiba) January 29, 2024
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="shib-price-analysis">SHIB price analysis</h2>
 <p class="paragraph">At the time of press, SHIB was trading at $0.000008904, showcasing a decrease of -1.47% in the last 24 hours, contrary to the gain of 0.16%. This crypto has lost -17.72% of its value in the previous month.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/02/01/b00473d1b22370f0a335fd33219bad86.webp" alt="SHIB 30-day price chart. Source: Finbold" class="wp-image-152573" srcset="https://cdn.thebittimes.com/images/2024/02/01/b00473d1b22370f0a335fd33219bad86.webp 1024w, https://cdn.thebittimes.com/images/2024/02/01/b00473d1b22370f0a335fd33219bad86.webp 300w, https://cdn.thebittimes.com/images/2024/02/01/b00473d1b22370f0a335fd33219bad86.webp 768w, https://cdn.thebittimes.com/images/2024/02/01/b00473d1b22370f0a335fd33219bad86.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB 30-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Technical indicators for SHIB are dominantly bearish at a ‘sell’ rating of 13. Moving averages point to a ‘strong sell’ of 13 as well. However, oscillators point toward a ‘buy’ rating of 2.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="242" src="https://cdn.thebittimes.com/images/2024/02/01/03ba1b747450f3d2ef0eb64dcfb5dbc3.webp" alt="Technical analysis of SHIB. Source: TradingView" class="wp-image-152574" srcset="https://cdn.thebittimes.com/images/2024/02/01/03ba1b747450f3d2ef0eb64dcfb5dbc3.webp 1024w, https://cdn.thebittimes.com/images/2024/02/01/03ba1b747450f3d2ef0eb64dcfb5dbc3.webp 300w, https://cdn.thebittimes.com/images/2024/02/01/03ba1b747450f3d2ef0eb64dcfb5dbc3.webp 768w, https://cdn.thebittimes.com/images/2024/02/01/03ba1b747450f3d2ef0eb64dcfb5dbc3.webp 1443w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Technical analysis of SHIB. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">Whether SHIB will manage to break through its resistance zone and initiate a surge in its price, or whether it will remain in the lows or possibly retrace, 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>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-shib-price-for-february-29-tbt78520.html">https://thebittimes.com/machine-learning-algorithm-sets-shib-price-for-february-29-tbt78520.html</a></p>

Machine learning algorithm sets SHIB price for February 29

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