Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. However, the asset is undergoing a significant price correction. SHIB is down 21% over the last week, 18.6% in the 14-day charts, and 9.6% over the previous month.
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SHIB’s latest dip is likely due to Bitcoin (BTC) falling below $62,000. The latest price correction is attributed to escalating global geopolitical tensions with Iran’s recent attack on Israel. Investors may be exercising caution, perhaps expecting a market crash due to escalating conflicts.
AI predicts Shiba Inu’s (SHIB) price for April 25, 2024
According to CoinCodex, SHIB could turn the tide over the next couple of weeks. The platform anticipates SHIB to hit $0.00003160 on Apr. 25, 2024. Reaching $0.00003160 from current levels would translate to a growth of about 44.62%.
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Furthermore, CoinCodex anticipates Shiba Inu (SHIB) to continue on a bullish trajectory till at least mid-May. The platform expects the dog-themed crypto to hit $0.00007668 on May 17, 2024. If SHIB can hold the price at $0.00007, we may witness a new all-time high. SHIB is currently down by 74.5% from its all-time high of $0.00008616, which it attained in October 2021.
Changelly also paints a bullish picture for SHIB. The platform expects the dog-themed crypto to hit $0.00003310 on Apr. 25, 2024. Furthermore, Changelly predicts SHIB to reach $0.00007558 on May 16, 2024.
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Both platforms have similar forecasts for Shiba Inu (SHIB). Furthermore, BTC will undergo its next halving cycle very soon. The event could trigger a market-wide rally, further pushing SHIB’s price.