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The post <a href="https://coinpedia.org/price-analysis/chatgpt-predits-a-breakout-rally-in-shiba-inu/" rel="noopener noreferrer nofollow">ChatGPT Predits A Breakout Rally In Shiba Inu</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With a bearish correction this week, Shiba Inu navigates laterally around the 38.20% Fibonacci level at $0.0000095. A 2% drop this week forms a bearish candle and hampers the bullish turnaround rally from the $0.00000839 level.&nbsp;
Nevertheless, the higher low formation in Shiba Inu continues and prepares to challenge the constant resistance of $0.00001043. Further, the rising sentiments of hope in the market with the ongoing recovery improves the chances of a breakout in the SHIB price trend.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-1024x483.png" alt="" class="wp-image-272226" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114245/image-171.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source: <a href="https://www.tradingview.com/x/Mtb63hM4/" rel="noopener noreferrer nofollow">Tradingview</a>
Currently, the SHIB price is trading at $0.00000953 with a minimal intraday move, forming a Doji at the 38.20% Fib level. Further, the buyers successfully defend their dominance at the $0.0000090 mark, leading to lower price rejections.&nbsp;
Therefore, with the demand at lower levels, the upcoming trend will likely fuel the meme coin prices with a bull run. As per the price action, the breakout of the 50% Fibonacci level will be a pivotal point in the Shiba Inu price trend. A breakout can result in a high-momentum bull run in March and can lead to a new 52-week high.&nbsp;
However, despite the lesser chances of a reversal, the SHIB price could retest the $0.0000095 mark if the sellers remain dominant.&nbsp;
<h2 class="wp-block-heading" id="h-chatgpt-predicts-shiba-inu-bull-run-nbsp-nbsp">ChatGPT Predicts Shiba Inu Bull Run&nbsp;&nbsp;</h2>
<figure class="wp-block-image size-full"><img decoding="async" width="758" height="530" src="https://image.coinpedia.org/wp-content/uploads/2024/02/23114249/image-172.png" alt="" class="wp-image-272227" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/23114249/image-172.png 758w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114249/image-172-300x210.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/23114249/image-172-150x105.png 150w" sizes="(max-width: 758px) 100vw, 758px">
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As per OpenAI’s ChatGPT, the Shiba Inu meme coin can continue the bull run in the coming weeks. This could lead to a bullish March for the meme coin, and buyers might witness a breakout run above the $0.000010 mark.&nbsp;
As per the prediction, the SHIB price could challenge the 78.60% Fib level at $0.00001264. Moreover, the AI also shares a more bullish target of $0.000014 mark if the buyers sustain momentum.&nbsp;

ChatGPT Predits A Breakout Rally In Shiba Inu

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