Buy Zone Identified
Shiba Inu (SHIB) has entered a buy zone after a recent dip below $0.000017. Analyst SHIB Knight has identified key levels for investors to watch:
- $0.00002392
- $0.00002105
- $0.00001837
The most crucial level is below $0.000018, which has created a buying opportunity.
Bulls Need to Defend Key Levels
To trigger an uptrend, bulls must defend the levels around $0.00001760 and $0.00001766. If they succeed, the price is expected to rise.
AI Predicts a 121% Surge
Artificial intelligence (AI) from CoinCodex predicts a bullish wave for SHIB in the next few days. It forecasts a price target of $0.00003825, a 121% increase from the current level.
Long-Term Forecast
However, the AI is less optimistic about SHIB’s long-term prospects. It predicts a price drop in July to $0.00001638, a 4.98% decline.
Current Market Conditions
Currently, SHIB is facing pressure from bears, with losses of 1.9% in the past day and 7.54% in the past week. It is trading at $0.00001715 at the time of writing.
