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Entering the cryptocurrency world as the “DOGE killer,” SHIB has faced significant challenges, mirroring the overall market trend. Recent price charts show a decline, and machine learning and artificial intelligence (AI) algorithms do not predict a bright future for SHIB. Despite the SHIB burns, predictions suggest the end of the month may not be promising.
Shiba Predictions
Forecasts indicate that SHIB’s price movement may disappoint investors by the end of the month. However, AI predictions suggest that SHIB might remain at its current level of $0.000013, with no severe drops expected.
On the other hand, cryptocurrency analyst Alan Santana predicts that Shiba Inu might initiate an upward price movement in the future. According to his statement on August 17, the upcoming 2025 bull market could see prices rise to $0.00023179.
Despite this view, SHIB recently faced selling pressure from futures trading. According to Coinglass’s Crypto Derivatives Visual graph, SHIB’s open interest (OI) against price shows increasing short positions, suggesting investors expect further declines.
Shiba Price in TL
Looking at SHIB’s current price, today’s market rise is also felt in the meme coin sector. SHIB’s price movement indicated a 5.82% increase, which was beyond recent price movements. A 7-day review showed SHIB’s rise at 1.37%.
Additionally, market volume returned to $8.13 billion, maintaining its 13th position. Trading volume increased by 74%, surpassing $218 million, indicating rising prices and investor interest. Despite AI’s bearish expectations, some predict that potential interest rate cuts from the Fed this week could continue to drive price increases.
Lastly, the SHIB/TRY pair shows the meme coin trading at 0.00046630 TL.
