#BigTechStablecoin To study the short-term trajectory of Shiba Inu (SHIB) under the current heightened volatility, the artificial intelligence tool ChatGPT from OpenAI was tasked with forecasting 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 activity on the blockchain.
Despite the current market volatility, the price dynamics of the meme cryptocurrency has been relatively stable. 16 green days out of the last 30 indicate a cautious return of bullish sentiment. Currently, 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 serve as a springboard for a jump to the resistance zone at $0.00001380. A breakout above this level would pave the way to the AI's predicted target range.