AI predicts SHIB price on April 5

The price of Shiba Inu (SHIB) today faced a significant correction. The asset is down 6.4% on the daily chart and 8% on the weekly chart. However, SHIB is still up 9.2% on the 14-day chart, 27.6% on the monthly chart and 140.5% since April 2024.

Furthermore, despite the recent strong correction and resistance, it is still possible that SHIB will explode in the coming days. Bitcoin (BTC) will undergo the next halving cycle, which could cause a rally in the cryptocurrency market. SHIB could also benefit from the BTC halving, as some analysts predict big moves for the dog-themed cryptocurrency.

According to CoinCodex, SHIB could reach 0.00003159 USD by April 5, 2024. Reaching 0.00003159 USD from current levels would result in a growth of about 16.4%.

CoinCodex predicts SHIB price will continue to increase throughout April. The platform predicts SHIB will reach a new all-time high later this month, reaching 0.00009452 USD on April 30, 2024.

Changelly also paints an optimistic picture for Shiba Inu (SHIB). The platform predicts SHIB to reach 0.00003976 USD by April 5, 2024. Reaching 0.00003976 USD from current levels would result in a growth of about 46.5%. Furthermore, Changelly predicts SHIB will reach a new all-time high this month, reaching $0.000100 by April 30, 2024. Reaching $0.000100 from current levels would result in growth of around 268 .4%.

SHIB's bullish outlook could be due to the upcoming BTC halving event, which many analysts predict will cause