Weekly Chart: Shiba Inu Enters Buy Zone, AI Predicts 121% Price Surge
The Shiba Inu price has entered a purchase zone after crashing below $0.000017. It offers a rare chance for investors to buy cryptocurrencies at a cheap price, particularly if the market recovers.
Analyst Finds SHIB Buy Zone
The Shiba Inu price has entered another purchase zone, according to crypto researcher SHIB Knight. On X (previously Twitter), the crypto analyst posted a chart showing the meme coin's significant price levels.
Analysis highlights $0.00002392, $0.00002105, and $0.00001837 as critical levels. The most critical is below $0.000018, a fall that may have produced fresh investing possibilities.
SHIB Knight uses the weekly chart to show that the Shiba Inu token has reached the purchase zone. Bulls must defend levels around $0.00001760 and $0.00001766 to start an upswing, as is typical in crypto research.
The crypto researcher expects the price to climb if the bulls can defend this level. Weekly chart shows $SHIB in purchase zone. The X article advised bulls to defend this zone for upswing.
SHIB Knight's research comes as Shiba Inu is expected to start another upswing. The CoinCodex AI has projected a bullish wave for SHIB in the next days.
The website expects the Shiba Inu price to climb over 2x from here, reaching a new annual high. Over the next five days, accuracy might push the price to $0.00003825, a 121% rise from the present level.
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The AI is not long-term positive on the SHIB price, particularly in July. Despite positive predictions for June, the AI expects prices to tumble next month, falling as low as $0.00001638, a 4.98% drop.
Bears continue to squeeze the Shiba Inu price, keeping it low. At $0.00001715, it has lost 1.9% today and 7.54% this week.
