To study the short-term trajectory of Shiba Inu ($SHIB ) in the current heightened volatility, OpenAI's ChatGPT AI tool was tasked with predicting the meme coin's price by the end of June. The AI model set a target price of $0.00001510 with an acceptable range from $0.00001435 to $0.00001585.
The presented forecast is based on technical models, historical dynamics, and blockchain activity.
Despite the current market volatility, the price dynamics of the meme cryptocurrency have been relatively stable. 16 green days out of the last 30 indicate a cautious return of bullish sentiment. The token is still trading below its 200-day simple moving average, a bearish technical indicator, which fluctuates above a key short-term support level at $0.00001250.
If this level holds over the next week, it could become a springboard for a leap to the resistance zone at $0.00001380. A breakthrough above this level would open the way to the AI's projected target range.
The RSI (Relative Strength Index) currently stands at 40.3, indicating neutral or oversold conditions. $PEPE $DOGE