Shiba Inu, the popular meme coin, has been on a rollercoaster ride lately. After a recent price surge, it’s taken a slight dip, but that hasn’t dampened the overall bullish sentiment.
AI Predicts a Big Jump
A machine learning algorithm called CoinCodex is predicting a huge jump for Shiba Inu this week. They’re forecasting a whopping 109% increase, which would put Shiba Inu at a new 2024 high.
Here’s the breakdown:
- November 2: $0.00001752
- November 3: $0.00002256
- November 4: $0.00002937
- November 5: $0.00003650
- November 6: $0.00003679
This surge could trigger a lot of excitement and even more buying.
A Potential Correction?
However, the good times might not last. CoinCodex predicts that Shiba Inu could face a correction after November 6, potentially dropping back down to around $0.00001782 by the end of November. This would mean erasing most of the gains made during the week.
What’s Next for Shiba Inu?
Shiba Inu is known for its volatility, and this prediction is just that: a prediction. It’s important to remember that the market can change quickly, and there are no guarantees.
Here’s what to keep in mind:
- Support Levels: Shiba Inu has support levels at $0.00001698 and $0.00001614.
- Resistance Levels: It also faces resistance at $0.00001881, $0.00001964, and $0.00002014.
Ultimately, Shiba Inu’s future is uncertain. It’s a wild ride, and only time will tell what happens next.
