Machine Learning Algorithm Predicts 109% Surge For Shiba Inu Price, The Timeline Is Shocking

The Shiba Inu price has seen a slight decline over the past 24 hours, suggesting that some traders may be taking profits after its recent price rally that peaked at $0.00001972. This dip, however, hasn’t dampened the overall bullish outlook for the meme coin. According to predictions from CoinCodex, a machine learning algorithm, the Shiba Inu price is set to maintain its upward trajectory throughout the week. In particular, CoinCodex is predicting a substantial 109% increase, which would position Shiba Inu to reach a new 2024 high if realized.

CoinCodex Predicts Interesting Surge For Shiba Inu Price

CoinCodex’s machine learning algorithm provides an optimistic forecast for the Shiba Inu price trajectory this week. Despite a slight recent decline, Shiba Inu’s Fear & Greed Index, a popular tool for gauging investor sentiment, stands at 69 at a “greed” state, which often aligns with increased buying interest.

According to the forecast by CoinCodex, the Shiba Inu price is on track to hit $0.00003679 in the next five days. At the time of writing, Shiba Inu is trading around $0.00001743 and nearing a critical support level. CoinCodex’s prediction anticipates a steady reversal from this point, projecting Shiba Inu to reach $0.00001752 on November 2, climb to $0.00002256 by November 3, then $0.00002937 on November 4, and continue rising to $0.00003650 on November 5. The final target for November 6 is set at $0.00003679, which would represent an impressive 110% return from Shiba Inu’s current price.

Source: CoinCodex