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Shiba Inu Coin: Buy Zone & AI Predictions 121% Surge

Shiba Inu Coin (SHIB) price has dipped below the $0.000017 support, creating an interesting opportunity for investors.

The Shiba Inu price has dipped below the $0.000017 support, creating an intriguing opportunity for investors. Analyst SHIB Knight identifies key levels, including $0.000018, as potential entry points. If bulls defend the $0.00001760-$0.00001766 range, an uptrend may follow.

shiba inu coin
Shiba Inu Coin: Buy Zone & AI Predictions 121% Surge 3

CoinCodex’s AI predicts a bullish wave for Shiba Inu coin, projecting a potential 121% surge to $0.00003825 in the coming days. However, long-term prospects remain cautious, with a predicted decline to $0.00001638 in July.

Despite recent losses, Shiba Inu coin continues to attract attention. Stay informed as the market evolves.

Shiba Inu Coin: Bulls Defend Buy Zone

SHIB Knight, a crypto analyst, believes that the price of Shiba Inu has dropped to a level where it’s a good opportunity to buy. This information was shared on a platform (formerly known as Twitter) along with a chart showing key price levels for this meme coin.

Here are the important levels highlighted in the analysis $0.00002392, $0.00002105, and $0.00001837

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However, the most critical level is even lower, below $0.000018. This recent decline has opened up new possibilities for investors.

According to SHIB Knight, the Shiba Inu coin has now entered what’s called the buy zone, especially when looking at the weekly chart. In crypto analysis, certain price levels need to be defended by bullish investors to trigger an upward trend. In this case, those levels are approximately $0.00001760 and $0.00001766.

If the bulls successfully protect this zone, we can expect the price to go up. So, keep an eye on it!

Shiba Inu Coin: Headed To $0.00003825, AI Says

Recent analysis suggests that Shiba Inu (SHIB) is at an interesting juncture. Speculation abounds that this meme coin is poised for another upward trend. One key advocate for SHIB’s price recovery is the AI at CoinCodex, which predicts a bullish wave over the next few days.

According to the website, Shiba Inu’s price could potentially double from its current level, reaching a new yearly all-time high. The precision of this forecast, expected to unfold within the next five days, places the price as high as $0.00003825, representing a substantial 121% increase.

However, the AI isn’t as optimistic about SHIB’s long-term prospects, especially in July. While the prediction for the end of June is bullish, the AI foresees a significant price drop next month, potentially falling as low as $0.00001638 a decline of approximately 4.98% from the current level.

Currently, Shiba Inu coin is facing downward pressure from bearish sentiment, resulting in a 1.9% loss over the past day and a 7.54% loss over the past week. As always, exercise caution and stay informed when navigating the crypto market.

Also Read: DOGE & SHIB Dip: Market Correction or Deeper Trouble?

Disclaimer

The content presented here may express the author’s personal opinions and is subject to change based on market conditions. It is crucial to conduct your own market research before investing in any cryptocurrency. Neither the author nor this publication assumes any responsibility for any financial losses you may incur.