AI Predicts SHIB Price For April 25, 2024

Shiba Inu (SHIB) is one of the most popular cryptocurrencies on the market. However, this asset has undergone a significant price correction. SHIB is down 21% from last week, 18.6% on the 14-day chart, and 9.6% month-over-month.

sauce: CoinGecko

Also read: Shiba Inu: After Bitcoin Halving, SHIB Could Rise 28,600% to $0.006

SHIB’s recent decline is likely due to Bitcoin (BTC) falling below $62,000. The recent price correction is believed to be due to increased global geopolitical tensions due to Iran’s recent attack on Israel. Investors may be cautious, perhaps anticipating a market crash due to escalating conflict.

AI predicts Shiba Inu (SHIB) price on April 25, 2024

Shiba Inu Shibu street lightShiba Inu Shibu street light
Source: Instagram / PrithivChandar

According to CoinCodex, SHIB could turn the tide in the coming weeks. The platform expects SHIB to reach $0.00003160 on April 25, 2024. Reaching $0.00003160 from current levels would represent a growth of approximately 44.62%.

Also read: Shiba Inu collaborates with CDSA to address AI challenges in entertainment

sauce: coin codex

Additionally, CoinCodex expects Shiba Inu (SHIB) to continue its bullish trajectory until at least mid-May. The platform expects the dog-themed cryptocurrency to reach $0.00007668 on May 17, 2024. If SHIB can sustain its price at $0.00007, we may witness a new all-time high. SHIB is currently down 74.5% from its all-time high of $0.00008616 reached in October 2021.

Changelly also has a bullish outlook on SHIB. The platform expects the dog-themed cryptocurrency to reach $0.00003310 on April 25, 2024. Furthermore, Changelly predicts that SHIB will reach $0.00007558 on May 16, 2024.

Also read: Shiba Inu: $1,000 a week since 2020, $626 million in 2024

Both platforms have similar predictions for Shiba Inu (SHIB). Moreover, BTC will soon reach its next halving. This event could trigger a market-wide rally, pushing SHIB’s price even higher.

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