The Shiba Inu price has experienced a slight drop in the last 24 hours, indicating some traders may be cashing in profits after a recent surge that peaked at $0.00001972. Despite this dip, the overall outlook for the meme coin remains positive. CoinCodex's machine learning algorithm predicts a 109% increase in the Shiba Inu price over the week, potentially reaching a new high by 2024. The Fear & Greed Index for Shiba Inu shows a 'greed' state, suggesting growing buying interest. The forecast anticipates the price to hit $0.00003679 in the next five days, with potential resistance and support levels identified. While short-term projections are optimistic, a correction is expected post-November 6, with a possible closing price of $0.00001782 by the end of November. Shiba Inu's current volatility underscores the unpredictable nature of meme coins. Read more AI-generated news on: https://app.chaingpt.org/news