A machine-learning algorithm has given out a Shiba Inu price prediction for April 30, 2023. The forecast indicated that SHIB might not rally this week. SHIB is down nearly 5% in the last 30 days and could head south further by the end of the month.
The dog-themed token rallied nearly 77% between January and February but retraced in price post-March. Shiba Inu is struggling to claw back in value in April as the token lacks bullish sentiments. The asset is currently trading lower and is down nearly 0.4% in the last 24 hours. The bear markets and the delay in releasing Shibarium are among the reasons for its price decline. Also, SHIB is unable to delete a ‘zero’ in the last 18 months and it is testing the patience of investors.
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Shiba Inu: What Could Its Price Be on April 30?
Shiba Inu is mostly trading sideways in April with little to no price action in the indices in the last three weeks. SHIB has not delivered decent gains this month, despite the Shibarium beta release.
Price Predictions, a machine-learning algorithm predicted that Shiba Inu’s price could be $0.000001100 on April 30, 2023. The AI’s prediction claims that SHIB’s price could increase by nearly 10% in the next seven days. The forecast suggested that the canine-themed token will not delete or add a ‘zero’ next week.
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‘Price Predictions‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and others indicators.
Also Read: Shiba Inu: AI Predicts When SHIB Could Delete Its Next ‘Zero’
At press time, SHIB was trading at $0.00001039 and is down 0.4% in the 24-hour day trade. SHIB is also down 87.94% from its all-time high of $0.00008616, which it reached in October 2021.