AI predicts current Shiba Inu will drop in price now predicts upcoming rally to $0.000059

Initial outlook (May 31):

- At the end of May, Shiba Inu (SHIB) was trading between 0.00002487 USD and 0.00002635 USD. Market analyst Alikze took a cautious stance, warning of a potential downside despite predictions of a rise to $0.00003. Alikze outlined three possible scenarios for SHIB:

1️⃣ Upward path: Direct move to $0.00005.

2️⃣ Path to retest support: Retest support at 0.00002084 USD to 0.00001786 USD before reaching 0.00005 USD.

3️⃣ Downward path: Falling below the liquidity zone, potentially falling to 0.00001707 USD. This bearish scenario has already occurred.

Current Situation

- By the end of June, SHIB was down 32.13%, trading at 0.00001716 USD, below the liquidity zone. Alikze forecasts a further decline to $0.00004, which could then serve as a base for a potential rally.

Predicting the Future

- Alikze maintains a target of $0.00005, with an expected price range of $0.00005387 to $0.00005937. Analyst Davie Satoshi also predicts SHIB will soon reach $0.00005.

Market Indicators

- For SHIB to increase prices, there needs to be a maintained net cash flow to the exchange. CryptoQuant data shows negative trading flows for 23 days since June 2, with more than 8.6 trillion SHIB outflows over the past month. SHIB is down 0.45% in July, with an RSI of 33.68 (oversold condition) and MVRV of -1.5, indicating bearish sentiment.

👉 SHIB has faced a significant decline, but if outflows from the exchange continue and market conditions improve it could eventually reach its target of $0.00005.