1. Shiba Inu's Resilience: Despite a stagnant short-term chart, SHIB demonstrates remarkable strength, boasting a 16% daily gain.

2. CoinCodex Prediction: AI-powered platform CoinCodex foresees a substantial 225% surge for Shiba Inu, hinting at a possible return to its all-time high within a month.

3. Technical Analysis: Shiba Inu's technical chart reveals a bullish flag formation, signaling a potential breakout and subsequent price escalation.

4. CoinCodex's Projection: CoinCodex's forecast suggests a lucrative 345% ROI on a $100 investment in Shiba Inu by the end of the year.


The Bitcoin Halving Effect

Amidst the recent Bitcoin halving, expectations for Shiba Inu have soared to unprecedented levels. The event's implication of increased scarcity for Bitcoin is poised to elevate the cryptocurrency's price potential, with Shiba Inu mirroring this trend due to its historical correlation with Bitcoin.

CoinCodex's Prediction

CoinCodex, a leading on-chain price prediction platform leveraging AI and technical indicators, provides insights into Shiba Inu's future trajectory. Their forecast suggests a resurgence of Shiba Inu, aiming to reclaim its October 2021 all-time high of $0.00008618 and potentially rally an additional 225% in the current bull cycle.

Furthermore, CoinCodex anticipates Shiba Inu to reach its previous peak again within a month, around mid-May, showcasing its bullish outlook for the cryptocurrency.

Shiba Inu's Price Analysis

Presently, Shiba Inu trades around $0.00002699, exhibiting signs of bullish momentum within a bull flag formation. The cryptocurrency's attempt to break out from this pattern indicates a potential return to its previous peak, aligning with CoinCodex's predictions.

Should Shiba Inu surpass the $0.00002954 mark, it could mark a new higher high and pave the way for further upward movement, potentially surpassing the $0.00004567 local high.

Disclaimer: While Voice of Crypto aims to provide accurate information, readers are encouraged to conduct their own research and exercise caution in volatile markets like cryptocurrencies.

$SHIB




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