Shiba

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Shiba Inu

The post <a href="https://coinpedia.org/price-analysis/chatgpt-predicts-shiba-inus-moonshot-a-quest-for-a-new-ath/" rel="noopener noreferrer nofollow">ChatGPT Predicts Shiba Inu’s Moonshot: A Quest for a New ATH</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the Bitcoin price dips to $60,760 before rising to $63,000, the bearish week prolongs the crash in altcoins. With the market cap of meme coins badly hurt during this sell-off, Shiba Inu takes a critical hit and drops for the second consecutive week.
The creation of this second red candle in the weekly chart of the SHIB price trend questions the possibility of a bull run. Further, the doubt for a new all-time high arises despite the potential altcoin season coming with the Bitcoin Halving next month.
So,let’s have a closer look at the Shiba Inu price analysis and the ChatGPT price prediction.
<h2 class="wp-block-heading" id="h-retest-phase-in-motion">Retest Phase in Motion</h2>
This week, the SHIB price fell sharply by 14.68%, forming a prominent bearish candle in the weekly chart. The downfall extended the corrections to 23% and retested the $0.000020 breakout.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-1024x509.png" alt="" class="wp-image-280449" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-189.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<a href="https://www.tradingview.com/x/qdAqHK4K/" rel="noopener noreferrer nofollow">TradingView</a>
In the larger price trend, the ongoing correction comes as the retest and projects a potential turnaround in the coming weeks. Further, a lower price rejection this week, if demand surges at $0.000020, could provide the BUY signal to sideline traders.
Considering the buyers polarize the downfall to a post-retest reversal, the uptrend in SHIB could surpass the $0.000054 mark. In such a case, as per the Fibonacci levels, Shiba Inu’s price could hit the 100% Fib level at $0.00006697.
We asked ChatGPT to predict the BTC price post-halving for a longer-term perspective. The AI predicted this.&nbsp;
<h2 class="wp-block-heading" id="h-shiba-inu-price-prediction-by-chatgpt">Shiba Inu Price Prediction By ChatGPT&nbsp;</h2>
Analyzing the Fibonacci levels before optimistic speculations, the ChatGPT targets the 1.618 Fib level at $0.0014441. Further, the $0.00021 mark could be the next potential target.&nbsp;
<figure class="wp-block-image size-full"><img decoding="async" width="682" height="521" src="https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-190.png" alt="" class="wp-image-280450" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-190.png 682w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-190-300x229.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/20143512/image-190-150x115.png 150w" sizes="(max-width: 682px) 100vw, 682px">
</figure>
After the Fib levels, ChatGPT’s SHIB price prediction takes an ultra-bullish route. Using the above analysis and the power of AI estimation, the GPT predicts Bitcoin easily approaching the $0.00030 or $0.00050 mark.&nbsp;

ChatGPT Predicts Shiba Inu’s Moonshot: A Quest for a New ATH

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