Artificial Intelligence Predicts May End Values for Ethereum (ETH) and Shiba Inu (SHIB) Coins!
- The cryptocurrency market, led by altcoin Ethereum and popular meme coin Shiba Inu (SHIB), is beginning to recover from the recent downturn. However, the duration of this recovery remains uncertain, leaving investors curious about the trajectory of these tokens following a volatile April.
- Artificial intelligence (AI) predictions for the end of May suggest a downward trend for both Ethereum and Shiba Inu.
- Despite this, some analysts, like Ali Martinez, see potential bullish formations in the trading charts of these coins.
As the crypto market shows signs of recovery, AI predictions suggest a downward trend for Ethereum and Shiba Inu by the end of May. However, some analysts see potential bullish formations, indicating a possible upswing.
AI Predicts Shiba Inu’s Price by May 31
Shiba Inu (SHIB Coin) experienced a significant drop on May 1, falling to $0.000020. However, it has since rebounded to $0.000023, although it still remains in the red zone on its weekly chart, down by over 8%. Despite this recent volatility, Shiba Inu has shown a notable growth of 133% year-on-year, outperforming 69% of the top 100 cryptocurrencies during the same period. The latest market dynamics have placed SHIB above its 200-day simple moving average, a sign of underlying strength amidst short-term fluctuations. However, only 13 of the past 30 days have been positive for SHIB Coin, accounting for 43% of the trading period. Despite this, the coin’s performance over the past year shows resilience in a broader perspective. AI-based price prediction algorithms from PricePredictions forecast a price of $0.000019 for SHIB Coin by the end of May, reflecting ongoing pressure and a potential drop of approximately 17% from its current price.
SHIB Coin Price Prediction from Popular Analyst
Popular crypto analyst Ali Martinez has identified a bullish formation in SHIB’s trading charts. Martinez points out that Shiba Inu is potentially developing a bull flag formation on its daily chart. This classic continuation formation typically follows a strong price increase and indicates a consolidation period that could potentially lead to another upswing. Martinez is expecting a breakout ... Read the full article for FREE at COINOTAG!
