The post Can Shiba Inu Price Surge in April? appeared on BitcoinEthereumNews.com.

Recent analysis from CoinCodex has revealed promising predictions for Shiba Inu (SHIB), suggesting a possible price surge in April 2025. The advanced machine learning algorithm points to potential profit opportunities on select dates, even as the broader market struggles with negative trends. This forecast stands out, especially in the wake of a continuous downturn in recent trading activities. What Are the Expected SHIB Price Levels?Should Traders Trust These Predictions? What Are the Expected SHIB Price Levels? According to the model’s insights, Shiba Inu’s price could rise to approximately 0.00002069 by April 4, representing a potential increase of 69% from its current value. Following that, April 5 is anticipated to see a return of around 67%, with projected profits of 55% on April 6 and 45% on April 7. A slight uptick is expected again on April 8, indicating a pattern of gradual recovery. Should Traders Trust These Predictions? While the algorithm points to potential gains, it emphasizes that such predictions come with considerable uncertainty. Traders are advised to exercise caution when incorporating these AI-generated forecasts into their investment strategies. Current assessments from IntoTheBlock reveal troubling trends within the SHIB market. Data indicates a concerning four negatives signals, with 62% of holders currently at a loss and large investors controlling nearly 74% of the supply, suggesting increased risk for the asset. Technical evaluations suggest a stable bottom formation for the SHIB/USDT pair, hinting at possible profit opportunities and a potential trend reversal in the current market landscape. Some analysts, like CryptoELITES, express optimism, suggesting a potential 140% rise from current levels. “Why not 14X for SHIB? We are sitting in a strong buying zone, and a major move is coming soon!!” – @CryptoELITES Investor behavior, especially the presence of large holders and a significant number of long-term investors, plays a crucial…

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Filed under: News - @ April 5, 2025 4:17 am