Shiba Inu: ChatGPT Predicts 46% Rally if SHIB Does This

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.

Also Read: Shiba Inu Spiked 700,000%, Dogecoin 194,000%: Can This Repeat in 2024?

Source: CoinGecko

Also Read: Shiba Inu: How Many SHIB You Need To Make $10 Million if It Hits $0.01?

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

Shiba Inu
Source – CoinCodex

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.

Also Read: Shiba Inu: Shibarium Hits New Milestone, Will SHIB Delete a Zero?

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.

Source: CoinCodex

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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