Bears seem to control Shiba Inu’s (SHIB) current price movements. The popular meme coin has faced a 4% correction in the weekly charts, but prices have surged 2.1% in the last 14 days and 7% over the previous month. However, the asset is still down 29% since February 2023.
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SHIB has struggled to delete a zero from its price, which it gained in December last year. The $0.00001 resistance level has proven to be a formidable price point.
ChatGPT predicts Shiba Inu’s (SHIB) movements
According to the popular Artificial Intelligence (AI) chatbot ChatGPT, Shiba Inu (SHIB) may turn bullish over the next few weeks, and investors may see the $0.00001 level very soon. If buyers can sustain the momentum, the chatbot anticipates SHIB to hit the $0.000014 mark. Reaching $0.000014 from current price levels would translate to a growth of about 46%. However, investors need the buying spree to continue for SHIB’s price to rally.
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CoinCodex anticipates SHIB to delete a zer this weekend, hitting a price of $0.00001004 on Feb. 25, 2024, a rise of about 5.4% from current levels. However, the platform does not expect SHIB to hold the price level. CoinCodex predicts SHIB to regain a zero soon after.
Changelly also paints a similar picture for SHIB. The platform anticipates SHIB to reach $0.00001044 on Feb. 29, 2024. However, Changelly also does not expect SHIB to hold this price point. The platform anticipates SHIB to drop below $0.000009 by mid-March.
However, Shiba Inu’s (SHIB) fate may change as we approach Bitcoin’s (BTC) next halving cycle in April. Many analysts anticipate a bullish outlook for BTC, and other altcoins may follow its tread.
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