A machine learning algorithm developed by CoinCodex has released data indicating a potential price increase for Shiba Inu (SHIB) in April 2025. According to the analysis, significant returns could be achieved on specific dates despite the current negative trend affecting the market. This prediction stands out following the continuous decline seen in recent trading patterns.
SHIB Price Predictions
The algorithm’s calculations suggest that SHIB could reach a level of 0.00002069 by April 4. This represents an approximate potential increase of 69% compared to the current price. Following this date, target prices gradually decline, with anticipated returns of around 67% on April 5, 55% on April 6, and 45% on April 7. On April 8, a similar rise is expected with a slight increase.
It is essential to note that the algorithm’s predictions resemble a game of chance, with a low probability of accuracy. Therefore, it might be beneficial for investors to approach the assessments made by artificial intelligence algorithms with caution when developing their investment strategies.
Current on-chain data provided by IntoTheBlock reveals negative signals in SHIB’s market performance. The data shows four negative indicators, with no neutral or positive signs present. With 62% of investors experiencing losses and nearly 74% of the portfolio held by large investors, the risk appears to be increasing.
SHIB Commentary
Technical analysis indicates that a long-term bottom formation has developed in the SHIB/USDT pair. Some identified target levels suggest significant profit potential, while also hinting at the possibility of a trend reversal within the current market conditions.
Certain technical analysts are expressing optimistic views. CryptoELITES has claimed that SHIB could increase by 140% from current levels.
“Why not 14X for SHIB? We are sitting in a strong buying zone, and a major move is coming soon!!” – @CryptoELITES
In addition to market data, the presence of large investors and a high proportion of long-term holders impact SHIB’s overall dynamics. However, discrepancies have been observed between the current negative signals and the technical analysis data.
Although the predictions appear promising, there remains a likelihood of changes due to the market’s volatile nature and external factors. Analysis reports indicate that the situation could shift at the breaking point of the current negative trend.